Essay
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.
Correct Answer:

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*NI = $430,800 - $90,000 - $5,200 - $5,...View Answer
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