P4-3A The completed financial statement columns of the worksheet for Woods Company, Inc.

Price: $2.50


P4-3A 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.
No additional common stock was issued during 2008.
(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 trial balance