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after closing the accounts, retained earnings at December 31st equals? the total deaths in the after closing trial balance will equal? income summary will have
after closing the accounts, retained earnings at December 31st equals?
the total deaths in the after closing trial balance will equal?
income summary will have what balance before it is closed?
[The following information applies to the questions displayed below Shown below is a trial balance for Novelty Toys, Inc, on December 31,after adjusting entries Novelty Toys, Inc Trial Balance Cash Accounts Receivable Office Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Fees Earned Salaries Expense Advertising Expense Depreciation Expense $15,758 12,875 23,eep $ 6,2568 7,875 22,758 7,750 46,75 16, 5e0 3,375 4 375 $ 83,625 83,625 Net income for the period equalsStep by Step Solution
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