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Question 9 [20 points] Given the following adjusted account balances, post the closing entries at March 31, 2014 directly into the T-accounts. Also show account
Question 9 [20 points] Given the following adjusted account balances, post the closing entries at March 31, 2014 directly into the T-accounts. Also show account balances by inserting 'Balance' to the left of the respective amount. Assets Commissions Earned Dividends 23/Mar 68,500 13/Mar 31,500 11/Mar 12,000 Income Summary Liabilities 9/Mar 44,000 Rent Earned 13/Mar 31,000 Retained Earnings 18/Mar 57,000 Share Capital 22/Mar 38,000 Supplies Expense 7/Mar 76,000
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