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The Income Statement of Hall Marine Repairs Is as Follows

Question 164

Essay

The income statement of Hall Marine Repairs is as follows: The income statement of Hall Marine Repairs is as follows: On April 1, the retained earnings account had a balance of ₤12,900. During April, the company paid ₤3,000 in dividends. Instructions (a) Prepare closing entries at April 30. (b) Prepare a retained earnings statement for the month of April. On April 1, the retained earnings account had a balance of ₤12,900. During April, the company paid ₤3,000 in dividends.
Instructions
(a) Prepare closing entries at April 30.
(b) Prepare a retained earnings statement for the month of April.

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