E3-23A – Single-Step Income Statement & Statement of Retained Earnings
Financial Accounting
Thomas, Tietz, and Harrison
12th Edition
Prepare the single-step income statement, statement of retained earnings, and balance sheet.
Prepare the single-step income statement, statement of retained earnings, and balance sheet.
Given the adjusted trial balances for the corporation – figure out what you would report on the income statement for sales revenue, insurance expense, and operating expenses.
Your numbers will vary.
Given information regarding items that need further consideration for financial statements… determine the adjusted amount of net income at year-end.
Your numbers will vary.
Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31.
Your numbers will vary.
Given a list of transactions for the company… prepare to adjust journal entries for the year-end.
Your numbers will vary.
Given a list of transactions… prepare adjusting journal entries.
Your numbers will vary.
Record closing entries for Badger Corporation. Afterward, prepare a post-closing trial balance.
Your numbers will vary.