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Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December Required: 1. Prepare the necessary closing entries.

image text in transcribed Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December Required: 1. Prepare the necessary closing entries. 2. Calculate the ending balance of Retained Earnings. 3. Prepare a post-closing trial balance

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