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Use the information in the adjusted trial balance to prepare the company's (a) income statement and its statement of retained earnings for the year ended
Use the information in the adjusted trial balance to prepare the company's (a) income statement and its statement of retained earnings for the year ended July 31, 2011 (note: retained earnings at July 31, 2010, was $23,420, and the current-year dividends were $10, 000). and the balance sheet as of July 31, 2011
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