If additional investments were made during the year, what information in addition to the work sheet would be needed to prepare the statement of owner’s equity? 2. On which financial statement are permanent accounts reported? 3. What is the purpose of the post-closing trial balance?

If additional investments were made during the year, what information in addition to the work sheet would be needed to prepare the statement of owner’s equity? 2. On which financial statement are permanent accounts reported? 3. What is the purpose of the post-closing trial balance?

Name: 1. If additional investments were made during the year, what informa
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Description: 1. If additional investments were made during the year, what information in addition to the work sheet would be needed to prepare the statement of owner’s equity?2. On which financial statement are permanent accounts reported?3. What is the purpo

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter5: Closing Entries And The Post-closing Trial Balance

Section: Chapter Questions

Problem 3A: The post-closing trial balance submitted to you by the bookkeeper of Tafoya Consulting Company is...

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