The following is a list of adjusted account balances for Shenandoah Company as of December 31, Year 1:
Required:a)Prepare an adjusted trial balance.b)Prepare the closing entries as of December 31, Year 1 in journal entry format.c)Prepare an income statement.d)Determine the balance in retained earnings after the closing entries had been posted.

Question

The following is a list of adjusted account balances for Shenandoah Company as of December 31, Year 1:
  Required:a)Prepare an adjusted trial balance.b)Prepare the closing entries as of December 31, Year 1 in journal entry format.c)Prepare an income statement.d)Determine the balance in retained earnings after the closing entries had been posted.

Quizplus · Accepted Answer

The Answer of The following is a list of adjusted account balances for Shenandoah Company as of December 31, Year 1:
  Required:a)Prepare an adjusted trial balance.b)Prepare the closing entries as of December 31, Year 1 in journal entry format.c)Prepare an income statement.d)Determine the balance in retained earnings after the closing entries had been posted.

The Following Is a List of Adjusted Account Balances for Shenandoah