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Preparing a 10-column work sheet for a merchandising

Question: Preparing a 10-column work sheet for a merchandising business Hillside Ski Shop's trial balance as of December 31 of the current year is recorded on a work sheet in the Working Papers.

2. Using the tax table shown in this chapter, calculate federal income tax expense and record the income tax adjustment on the work sheet. Label the adjustment (h).

3. Complete the work sheet.

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