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 owner's equity,and balance sheet.There were no new capital contributions during the year.
c.Compute the current ratio.Label your work.Comment on the current ratio.
Definitions:
Median
The middle value in a data set, which divides the set into two equal halves.
Test Scores
Numerical values assigned to represent an individual's performance on a test or examination, often used for assessment or comparison.
Complete Survey
A thorough examination or appraisal of the condition or status of something, particularly in research or data collection contexts.
Statistical Values
Numerical figures that represent, summarize, or interpret data collected from a study or experiment.
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