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slove this Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31,2023. The company uses an income summary account in the

slove this
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Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31,2023. The company uses an income summary account in the closing process. Requlred: 1. Assuming normal balances, prepare the closing entrles at December 31,2023 , the company's year-end. 2. Calculate the post-closing balance in Retained Earnings at December 31, 2023. (Amounts to be deducted should be Indicated by a minus slgn.)

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