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The income statement of Fezzik's Shoe Repair is as follows: On April 1, the Retained Earnings account had a balance of $12,900. During April, the
The income statement of Fezzik's Shoe Repair is as follows: On April 1, the Retained Earnings account had a balance of $12,900. During April, the company paid $3,000 in dividends. Question 4 of 4 14 (To close expense accounts.) (To close net income to retained earnings.) (To close dividends to retained earnings.) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 4 used Submit Answer Using multiple attempts will impact your score. 50% score reduction after attempt 2 Prepare closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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