Question: Refer to the adjusted trial balance in E3-16.
Required: 1. Record the necessary closing entries at December 31, 2012.
2. Prepare a post-closing trial balance.
E3-16: The December 31, 2012, adjusted trial balance for Blue Hens Corporation is presented below.
Required: 1. Prepare an income statement for the year ended December 31, 2012.
2. Prepare a classified balance sheet as of December 31, 2012.