The work sheet for Babson's Seafood, a business owned by B. B. Babson, is provided. Year-end adjustments have been made and all required entries journalized and posted to the ledger accounts. From the work sheet, prepare a multiple-step income statement, a statement of owners' equity (assuming no additional investments), and a classified balance sheet. The current year's portion of the mortgage payable is $6,000. 
Correct Answer:
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Q66: Match the terms with the definitions.
-Those expenses
Q67: Match the terms with the definitions.
-Net sales
Q68: A trial balance of the general ledger
Q69: Reversing entries are made in the
A) general
Q70: Match the terms with the definitions.
-Refers to
Q72: Match the terms with the definitions.
-This statement
Q73: Match the terms with the definitions.
-Cash and
Q74: Match the terms with the definitions.
-Those expenses
Q75: The following adjusted trial balance was taken
Q76: The adjusting entries for Down Town Cafe
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