COLLEGE ACCOUNTING-ACCESS
COLLEGE ACCOUNTING-ACCESS
4th Edition
ISBN: 9781259995064
Author: Haddock
Publisher: MCG
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Chapter 5, Problem 3PB

1.

To determine

Prepare income statement for Company JPAS.

2.

To determine

Prepare statement of owner’s equity for Company JPAS.

3.

To determine

Prepare the balance sheet of Company JPAS. Also, analyze the decrease in value of assets due to adjusting entries.

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