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Q12 The adjusted trial balance of Spatoli Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Spatoli Sign Company
Q12
The adjusted trial balance of Spatoli Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Spatoli Sign Company has a January 31 year-end. Journalize Spatoli's closing entries at January 31. 2. How much net income or net loss did Spatoli Sign Company earn for the year ended January 31 ? How can you tell? Requirement 1. Assume Spatoli Sign Company has a January 31 year-end. Journalize Spatoli's closing entries at January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, close revenues. Spatoli Sign Company Adjusted Trial Balance SalariesExpenseRentExpenseDepreciationExpense-EquipmentSuppliesExpenseUtilitiesExpense3,5001,300400300900$72,850$72,850 First, close revenuesStep by Step Solution
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