HIGHLANDS GOLF INC.
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A) Journalize the adjusting entries that were made.
(b) Prepare an income statement and a retained earnings statement for the 3 months
ending September 30 and a classified balance sheet at September 30.
(c) Identify which accounts should be closed on September 30.
(d) If the note bears interest at 12%, how many months has it been outstanding?
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HIGHLANDS GOLF INC.
a) Journalize the adjusting entries that were made.
(b) Prepare an income ...
Purchase this Solution
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