Wilson Engraving just completed operations for the year ending December 31, 2018. Accounts from the adjusted trial balance dated December 31, 2018 are listed in alphabetical order below:
Requirement:
a. Prepare the closing entries. Omit explanations.
b. Prepare, in good form, the income statement, statement of retained earnings, and balance sheet.
c. Compute the current ratio. Label your work. Comment on the current ratio.
Definitions:
Positive
Characterized by or displaying acceptance, optimism, or constructive qualities rather than negativity or pessimism.
Engaged Employees
Workers who are fully absorbed by and enthusiastic about their work, and take action to further their organization's reputation and interests.
Negative Energy
A concept referring to a mood, attitude, or atmosphere considered detrimental or harmful to well-being or morale.
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