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------------------------------------------------------------------------------------------------------------------------------------ 2. Prepare the income statement. (If a box is not used in the statement, leave the box empty; do not select a label or
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Prepare the income statement. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Data table Selected accounts of Jonah Electrical, Inc., at November 30,2018 , follow. (Click the icon to view the accounts.) Read the requirements. Requirement 1. Prepare the entity's closing entries. Begin by closing out the revenue accounts. (Record debits first, then credits. Exclude explanations from any journal entries.) Data table Requirements 1. Prepare the entity's closing entries. 2. What is Jonah Electrical Inc.'s ending Retained earnings balance at November 30, 2018Step by Step Solution
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