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Assignment 1 The following account balances were included in the trial balance of Jordan Corporation at December 3 1 , 2 0 2 2 :

Assignment

1

The following account balances were included in the trial balance of Jordan Corporation at December

31, 2022

The Retained Earnings account had a balance of JD

168500

at December

31, 2022,

there are

40000

ordinary shares outstanding.

Instructions:

Prepare an income statement and retained earnings statement for the year ended December

31, 2022 ?

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