The work sheet is a working paper that accountants can use to summarize adjusting entries and the account balances for the financial statements.
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Q73: After net income or loss is entered
Q74: The balances of the capital accounts from
Q75: Net income is shown on the work
Q76: A net loss is shown on the
Q77: The chart of accounts, the journal, and
Q79: A reversing entry reverses the effects of
Q80: Accrued fees earned are recorded during the
Q81: Notes receivable due in 390 days appear
Q82: When preparing the statement of owner's equity,
Q83: The first item appearing on the statement
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