(Answered) Based on the answers you obtained in p15-9 prepare the

Accounting

Based on the answers you obtained in P15-9, prepare the closing entry.
IN P15-9
From the ledger accounts prepared for P15-8, prepare a trial balance. Extend the trial balance to an eight column work sheet like that shown in Table 15-16 , and use the work sheet to prepare the following financial statements:
(a) Income statement,
(b) Statement of changes in owner equity, and
(c) Balance sheet.

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