The financial statements of a company include balance sheet, income statement and cashflow statement. All these statements help the internal and external users of financial statements help in analyzing and concluding about the financial position of the respective company. To prepare : The adjusting journal entry for the transactions.

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Chapter 2, Problem 2.8P

To determine

Introduction: The financial statements of a company include balance sheet, income statement and cashflow statement. All these statements help the internal and external users of financial statements help in analyzing and concluding about the financial position of the respective company.

To prepare: The adjusting journal entry for the transactions.

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