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Velor Ltd., a patio gas heater company, showed the following adjusted information on August 31, 2017, its second year-end: a. Prepare the appropriate closing entries.

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Velor Ltd., a patio gas heater company, showed the following adjusted information on August 31, 2017, its second year-end: a. Prepare the appropriate closing entries. b. Prepare a statement of changes in equity for the year ended August 31, 2017. No shares were issued during the second year

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