The following accounts are taken from Buck Up! Inc., a company that specializes in horse-breaking services and rodeo lessons, at December 31, 2017.
Required:
Using the unadjusted trial balance provided, create a classified balance sheet, statement of retained earnings, and income statement for Buck Up! Inc. for the year ended December 31, 2017. (These would be considered preliminary because they use unadjusted balances.) Create the income statement first, followed by the statement of retained earnings, and finally the classified balance sheet. Follow the formats presented in Exhibits 1.2, 1.3, and 2.13.
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