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On January 1, Grand Rapids Consulting Inc. had a retained earnings balance of $31,800 and reported the following accounts and balances at year end: Required:

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On January 1, Grand Rapids Consulting Inc. had a retained earnings balance of $31,800 and reported the following accounts and balances at year end: Required: 1. Prepare the closing entries made by Grand Rapids Consulting at December 31 . If an amount box does not require an entry, leave it blank. 2. Prepare Grand Rapids Consulting's retained earnings statement. If an amount is zero, enter "0

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