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Wilson Engraving Just Completed Operations for the Year Ending December

Question 15

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Wilson Engraving just completed operations for the year ending December 31,2018.Accounts from the adjusted trial balance dated December 31,2018 are listed in alphabetical order below:
Wilson Engraving just completed operations for the year ending December 31,2018.Accounts from the adjusted trial balance dated December 31,2018 are listed in alphabetical order below: Requirement: a.Prepare the closing entries.Omit explanations. b.Prepare,in good form,the income statement,statement of owner's equity,and balance sheet.There were no new capital contributions during the year. c.Compute the current ratio.Label your work.Comment on the current ratio. Requirement:
a.Prepare the closing entries.Omit explanations.
b.Prepare,in good form,the income statement,statement of owner's equity,and balance sheet.There were no new capital contributions during the year.
c.Compute the current ratio.Label your work.Comment on the current ratio.

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