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Business, 21.02.2020 23:02 ssuereichard

Llustrate your understanding of how to use the adjusted trial balance to prepare an income statement by completing the following sentence.
In order to prepare an income statement using the account balances on an adjusted trial balance, all of the (revenues / liabilities) and their credit balances are transferred to the income statement as well as all of the (expenses/assets) and their (debit/credit) balances.

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Llustrate your understanding of how to use the adjusted trial balance to prepare an income statement...
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