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Presented below is the trial balance of Your Company as of December 31, 2020. After the closing entries have been recorded, what is the ending
Presented below is the trial balance of Your Company as of December 31, 2020. After the closing entries have been recorded, what is the ending balance for retained earnings? Remember DEAD. To close an account means to make it have an ending balance equal to zero. So if it has a debit balance, you credit for the same amount. And if it has a credit balance, you debit to get to zero. You only close income statement accounts
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