The account balances alphabetically listed below are for Shenandoah Company as of December 31,2016.These balances include the effect of year-end adjusting entries.
Required:
a)Prepare an adjusted trial balance for Shenandoah Company.
b)Prepare journal entries for Shenandoah's closing entries for the year.
c)Prepare an income statement for Shenandoah Company for 2016.
d)What was the balance in Retained Earnings after the closing entries had been made and posted?
Correct Answer:
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