Exercise 03.20 – Red Flash Photography

Financial Accounting

Spiceland, Thomas, and Herrman

05th Edition

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Difficulty – Hard

Given the beginning balances, a list of transactions throughout the year, and available information at the end of the year... record the transactions, record adjusting entries, prepare an adjusted trial balance, prepare an income statement, balance sheet, and statement of stockholders' equity, and lastly prepare closing entries.

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