Problem

Calculating retained earnings [10-15 min]Oulette Publishing Company has the following sele...

Calculating retained earnings [10-15 min]

Oulette Publishing Company has the following selected account balances at June 30, 2012.

Requirements

1. Journalize all required closing entries for the year.
2. Calculate the balance in Retained earnings at June 30, 2012. Use a T-account to show your calculations.

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Solutions For Problems in Chapter 12

45CP

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