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Financial Statement Homework #1 Name Insert Unadjusted Trial Balance HERE: 106,000 28,000 7,500 30,000 110,000 15,000 80,000

Part 1: Prepare adjusting journal entries using the unadjusted trial balance provided to you in Question 1 of the Financial S

Part 2: Post the adjusting journal entries to t-accounts: (Hints on getting started: Above each T-account, write the account

Part 3: Prepare the Adjusted Trial Balance (i.e., after the previous 6 journal entries are posted) (Company Name) (Date) Adju

Part 4: Based on the Adjusted Trial Balance provided in Question 2 of the Financial Statement Homework quiz on D2L, prepare i

Jackson Contractors (Company Name) Income Statement (Date) (Company Name) Statement of Retained Earnings (Date)

(Be sure to include all the necessary subtotals and totals as outlined in Chapter 2 for a Classified Balance Sheet. You may n

Part 5: Answer the following questions using the above completed financial statements: What is the dollar amount for Net Inco

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Answer #1

4,79,000 4,79,000 Income statement of Jackson Contractors Service revenue Total revenues Less: Expenses Repair expense Insura

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