Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

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Debit Doctors, Inc., provides accounting advice over the Internet.n recent years the company has experienced severe financial difficulty.ts accountant prepares adjusting entries on a monthly basis and closing entries on an annual basis at December 31.n adjusted trial balance dated December 31, 2015, follows.

Instructions
a.repare an income statement and statement of retained earnings for the year ended December 31, 2015.lso prepare the company's balance sheet dated December 31, 2015.Hint: The company incurred no income taxes expense in 2015.)
b.repare the necessary year-end closing entries.
c.repare an after-closing trial balance.
d.sing the financial statements prepared in part a, briefly evaluate the company's performance.
e.dentify information that the company is apt to disclose in the notes that accompany the financial statements prepared in part a.