Your friend just started a new business - congrats to them! Because it is their first year as a business owner, they have hired YOU to be their accountant in order to ensure that everything gets recorded and reported correctly. (I would hire you too - you are great!) View the below instructions step by step to complete your final project: Your friend compiled all transactions from the year and came up with a trial balance for you seen on the worksheet. They do, however, need you to complete the worksheet using the below information for adjusting entries: Depreciation, $300 Accrued salaries expense, $450 Prepaid Rent used up, $800 Office Supplies used, $520 Create an Income Statement for your company in proper format Create a Statement of Retained Earnings for your company in proper format Create a Balance Sheet for your company in proper format Make Journal Entries to close out Revenues, Expenses, Income Summary, and Dividends.
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