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The adjusted trial balance of Stouse Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Stouse Sign Company has

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The adjusted trial balance of Stouse Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Stouse Sign Company has a January 31 year-end. Journalize Stouse's closing entries at January 31. 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31 ? How can you tell? Requirement 1. Assume Stouse Sign Company has a January 31 year-end. Journalize Stouso's closing ontries at January 31 . (Record debits frat, then credits. Select the explanation on the last line of the journal entry table.) First we will close the Service Rovenue account. Next we wil close the expense accounts The adjusted trial balance of Stouse Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Stouse Sign Company has a January 31 year-end. Journalize Stouse's closing entries at January 31. 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31 ? How can you tell? Now we will close the income Summary account: Finally, close the Withdrawals account. Requirement 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 317 How can you tell? Start by ldentifying the amount of net income or loss for the year ended January 31. (Enter a loss with a minus sign or parentheses.) The adjusted trial balance of Stouse Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Stouse Sign Company has a January 31 year-end. Journalize Stouse's closing entries at January 31. 2. How much net income or not loss did Stouse Sign Company earn for the year ended January 31? How can you tell? Finally, close the Withdrawals account. Requiroment 2. How much net income or net loss did Stouse Sign Company eam for the year ended January 31 t How can you tell? Start by identifying the amount of net income or loss for the year ended January 31. (Enter a loss with a minus sign or parentheses.) Net income (loss) = How can you tell? We know this because exceeded by this amount and this was the balance in When it was closed Data table

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