Laker Incorporateds fiscal year-end is December 31, 2015. The following is an adjusted trial balance as of

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Laker Incorporated’s fiscal year-end is December 31, 2015. The following is an adjusted trial balance as of December 31.


Laker Incorporated’s fiscal year-end is December 31, 2015. The following


Required:
1. Prepare the necessary closing entries.
2. Calculate the ending balance of RetainedEarnings.

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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