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The financial work sheet consist of 3 financial statements. Trial Balance, Income Statement, and Balance Sheet.

To begin you must have your General Ledger. Begin by listing the accounts starting with

Assets, Liabilities, Owners Equity, Income (revenue) and Expense. By taking the balances out of the General Ledger add them to the appropriate debit or credit column. Trial Balance will be your first financial statement. Both sides debit and credit should balance.

Make sure all Journal entries have been posted to the general ledger.

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