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Jordan Sales Company (organized as a corporation on April 1, 2021) has completed the accounting cycle for the second year, ended March 31, 2023. Jordan
Jordan Sales Company (organized as a corporation on April 1, 2021) has completed the accounting cycle for the second year, ended March 31, 2023. Jordan also has completed a correct trial balance as follows: b. Complete the classified balance sheet for the reporting year ended March 31, 2023. Include (1) income taxes for the current year in Income Taxes payable and (2) dividends in Retained earnings. Include income tax expense, assuming a 25 percent tax rate. Note: Amounts to be deducted should be indicated by a minus sign
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