The completed financial statement columns of the worksheet for Woods Company are shown below.10/11/2015 The completed financial statement columns of the worksheet for Woods Company are shown below. Instructions (a) Prepare an income statement, owner equity statement, and a classified balance sheet. S. Woods made an additional investment in the business of $4,000 during 2010. (b) Prepare the closing entries. (c) Post the closing entries and rule and balance the accounts. Use T accounts. Income Summary is account No. 350. (d) Prepare a post-closing trial balance.
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