Exercise 03.18 – Laker Incorporated


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Difficulty – Medium

Prepare the necessary closing entries, calculate the ending balance of Retained Earnings and Prepare a post-closing trial balance.

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  • Search Terms: $ $, , . a accounts adjusted advertising an as balance balance. calculate cash closing common credit debit december dividends earnings earnings. ending entries. expense fiscal following incorporated’s is laker necessary notes of payable post-closing prepaid prepare rent required: retained revenue salaries service stock supplies the totals trial utilities year-end
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