In this activity, we will begin with an adjusted trial balance for a fictional ‘

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In this activity, we will begin with an adjusted trial balance for a fictional ‘Coconut Company’. Download the excel file below:
As well as the adjusted trial balance, the file above includes spreadsheets for an income statement, statement of retained earnings, and balance sheet. Use the steps we have considered so far to complete these additional sheets in order to:
1-Prepare an income statement and calculate the net income.
2-Prepare a retained earnings statement and calculate the ending balance of the retained earnings.
3- Prepare the balance sheet.
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weekly reflective report: (150-200 words)
-Summarize the key learnings from this week’s lessons. What are the points you really need to remember?
-Reflect on what you have learned this week. What would you do again? What would you do differently?

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