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Post the closing entries and rule and balance the accounts

The completed financial statement columns of the worksheet for Woods Company are shown below.

Instructions

(a) Prepare an income statement, owner's equity statement, and a classified balance sheet.
S. Woods made an additional investment in the business of $4,000 during 2010.

(b) Prepare the closing entries.

(d) Prepare a post-closing trialbalance.

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Accounting Basics: Post the closing entries and rule and balance the accounts

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Accounting Basics: Post the closing entries and rule and balance the accounts

Reference No:- TGS01522277

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