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Presented below is Income statement Information of the Schefter Corporation for the year ended December 31, 2024 Required: Prepare the necessary closing entrles on December

image text in transcribedimage text in transcribed Presented below is Income statement Information of the Schefter Corporation for the year ended December 31, 2024 Required: Prepare the necessary closing entrles on December 31, 2024. Note: If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits. Presented below is Income statement Information of the Schefter Corporation for the year ended December 31, 2024. Required: Prepare the necessary closing entrles on December 31, 2024. Note: If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Journal entry worksheet Note: Enter debits before credits

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