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Multi-step Income Statement and Adjusting Entries Washington Distributors, whose accounting year ends on December 31 , had the following normal balances in its ledger accounts
Multi-step Income Statement and Adjusting Entries Washington Distributors, whose accounting year ends on December 31 , had the following normal balances in its ledger accounts at December 31. During the year, the accounting department prepared monthly statements but no adjusting entries were made in the journals and ledgers. Data for the year-en brocedures are as follows: Required dministrative expenses
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