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Improv Club (IC) features entertaining improvisational theatre performances. The theatre features a range of shows and talented performers. ic prepares financial statements on an annual
Improv Club (IC) features entertaining improvisational theatre performances. The theatre features a range of shows and talented performers. ic prepares financial statements on an annual basis. The following year-end accounts as of December 31;2023 are fisted in alohabetical order and have normai balances Required: 1.0. Prepare an adjusted tral balance as at December 31,2023. 1.b. Will Nick Stilz's capital account of $113,200 appear on the balance sheet as at December 31,2023? Yes No 2. Prepare the closing entries for the company. Journal entry worksheet 4 Record to close the revenue account to the income summary. Note: Enter dabits before credith. 3. What is the ending balance of Nick Stilz's capital account as at December 31,2023
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