The adjusted trial balance of Karise Repairs on December 31 follows. Note: Retained Earnings account...
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Accounting
The adjusted trial balance of Karise Repairs on December 31 follows. Note: Retained Earnings account balance was $36,000 on December 31 of the prior year. Required: 1a. Prepare an income statement for the year. 1b. Prepare a statement of retained earnings for the year. 1c. Prepare a classified balance sheet at December 31. 2. Prepare the December 31 closing entries
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