(Learning Objectives 3, 5: Identifying and recording adjusting and closing entries) The unadjusted trial balance and income...

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(Learning Objectives 3, 5: Identifying and recording adjusting and closing entries)

The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Draper Production Company follow.

❙ Requirement 1. Journalize the adjusting and closing entries of Draper Production Company at December 31. There was only one adjustment to Service Revenue.

(Group B)

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