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The following information was summarized from the adjusted trial balance of Reliance Yacht Repair, Inc. as of September 39, 2015, the end of the companys
The following information was summarized from the adjusted trial balance of Reliance Yacht Repair, Inc. as of September 39, 2015, the end of the companys fiscal year. Part a. Prepare the closing entry for the company for the year ended September 30, 2015. Part b. Draw a T-account for the Retained Earnings account. Enter the beginning balance into the T-account, post the closing entry, and then determine the ending balance. Part c. Prepare a post-closing trial balance at September 30, 2015
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