The completed financial statement columns of the worksheet for Fleming Company

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


Instructions
a) Prepare an income statement, a retained earnings statement, and a classified balance sheet.
b) Prepare the closing entries.
c) Post the closing entries and underline and balance the accounts. (Use T-accounts.) Income Summary is account No. 350.
d) Prepare a post-closing trial balance.

Here’s the SOLUTION

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