prepare income statement and statement of retained earnings DEBIT CREDIT Cash ...
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Accounting
prepare income statement and statement of retained earnings
DEBIT
CREDIT
Cash
$
Accounts Payable
$
Accounts Receivable
$
Accumulated Depreciation
$
Advertising Expense
$
Bank Loan
$
Common Shares
$
Depreciation Expense
$
Dividends
$
Equipment
$
Insurance Expense
$
Interest Expense
$
Office Supplies
$
Prepaid Insurance
$
Rent Expense
$
Repairs Expense
$
Retained Earnings
$
Salaries Expense
$
Service Revenue
$
Supplies Expense
$
Unearned Revenue
$ Financial StatementsClosing Entries
Note: Both options for this question use the following information:
OLeary Consultants has the following accounts in alphabetical at the end of the year. All accounts have a normal balance and the trial balance has been adjusted.
Option :
Prepare the income statement and statement of retained eamings. Ignore taxes.
$
$
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