Flip is a small company and records adjusting entries & closing entries only at fiscal (calendar) year end. Correcting and adjusting entries have not been recorded.

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Flip is a small company and records adjusting entries & closing entries only at fiscal (calendar) year end. Correcting and adjusting entries have not been recorded.


a. Prepare in journal form, any required correcting entries

            b. Prepare in journal form, all end-of-the period adjusting entries

            c. Prepare a December adjusted trial balance

            d. Prepare a classified balance sheet for the year ended December 31, 2014

            e. Prepare in journal form, the closing entries for the year ended December 31, 2014

 

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