ACC 250 Problem CP4-39 - DAVIS CONSULTING,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Question # 00027394 Posted By: steve_jobs Updated on: 10/04/2014 07:01 PM Due on: 10/21/2014
Subject Accounting Topic Accounting Tutorials:
Question
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P4-39 Completing the accounting cycle from adjusted trial balance to post-closing trial balance with an optional worksheet
Start from the posted T-accounts and the adjusted trial balance that Davis Consulting prepared for the company at December 31.
Requirements
1. Complete the worksheet at December 31. (optional)
2. Prepare an income statement for the month ended December 31.
3. Prepare a statement of owner’s equity for the month ended December 31.
4. Prepare a classified balance sheet (report form) at December 31.
5. Journalize and post the closing entries at December 31. Denote each closing amount as Clo. and each account balance as Balance.
6. Prepare a post-closing trial balance.

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Tutorials for this Question
  1. Tutorial # 00026821 Posted By: steve_jobs Posted on: 10/04/2014 07:01 PM
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    The solution of ACC 250 Problem CP4-39 - DAVIS CONSULTING,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,...
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    ACC_250_Problem_CP4-39_-_DAVIS_CONSULTING_SOLUTION.xls (42 KB)

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