The calendar year-end adjusted trial balance for Blessinger Co. follows:
Required:
(a) Prepare a classified year-end balance sheet. (Note: A $9,000 installment on the long-term note payable is due within one year.)
(b) Prepare the required closing entries.

Question

The calendar year-end adjusted trial balance for Blessinger Co. follows:
  Required:
(a) Prepare a classified year-end balance sheet. (Note: A $9,000 installment on the long-term note payable is due within one year.)
(b) Prepare the required closing entries.

Quizplus · Accepted Answer

The Answer of The calendar year-end adjusted trial balance for Blessinger Co. follows:
  Required:
(a) Prepare a classified year-end balance sheet. (Note: A $9,000 installment on the long-term note payable is due within one year.)
(b) Prepare the required closing entries.

The Calendar Year-End Adjusted Trial Balance for Blessinger Co