Arapaho Company ended its fiscal year on July 31, 2025. The company's adjusted trial balance as of

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Arapaho Company ended its fiscal year on July 31, 2025. The company's adjusted trial balance as of the end of its fiscal year is as follows.

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Instructions

a. Prepare the closing entries.

b. Post to Retained Earnings and Income Summary T-accounts.
c. Prepare a post-closing trial balance at July 31, 2025.

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119791089

10th Edition

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

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