Financial Accounting-w/cd-package
Financial Accounting-w/cd-package
3rd Edition
ISBN: 9780131060876
Author: REIMERS
Publisher: PEARSON
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Chapter B, Problem 49PB

1.

To determine

Describe the event that resulted in each journal entry.

2.

To determine

Post the entries to T-accounts and determine the ending balance of each account.

3.

To determine

Identify whether the company generate net income or loss for the period ending June 30, 2012, and justify.

4.

To determine

Prepare the four financial statements for EA Incorporation.

5.

To determine

Prepare the closing entries.

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