The equity accounts for Kalimantan Corp. showed the following balances on December 31, 2022: The company completed

Question:

The equity accounts for Kalimantan Corp. showed the following balances on December 31, 2022:

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The company completed these transactions during 2023:

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Required
1. Prepare general journal entries to record the transactions and closings for 2023.
2. Prepare the statement of changes in equity for the year ended December 31, 2023.

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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