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Saturday, May 9, 2015

P3-6 Presented below are the trial balance and the other information related to Carlos Beltran, a consulting engineer

Problem 3-6 (P3-6) Presented below are the trial balance and the other information related to Carlos Beltran, a consulting engineer.

AND SO ON

Instructions
(a) From the trial balance and other information given, prepare annual adjusting entries as of December 31, 2007. (Omit explanations.)
(b) Prepare an income statement for 2007, a classified balance sheet, and a statement of owner’s equity. Carlos Beltran withdrew $17,000 cash for personal use during the year.

Click here for the solution: P3-6 Presented below are the trial balance and the other information related to Carlos Beltran, a consulting engineer