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Question TWO: Closing Accounts & Financial Statements (7 marks) You are the accountant of XYZ Ltd. Using the adjusted trial balance provided below, prepare the:

Question TWO: Closing Accounts \& Financial Statements (7 marks) You are the accountant of XYZ Ltd. Using the adjusted trial balance provided below, prepare the: a. closing entries to close the temporary accounts (3 marks) b. Income Statement, Statement of Owners Equity, and Balance Sheet (4 marks)

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