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The completed financial statement columns of the worksheet for Woods Company Inc are shown below Instructions Prepare an income statement a retained earnings statement and a classified

The completed financial statement columns of the worksheet for Woods Company Inc. are shown 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 rule and balance the accounts. Use T accounts. Income Summary is account No. 350. (d) Prepare a post-closing trialbalance.

May 14 2020 View more View Less

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