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The Income Statement of Fezzik's Shoe Repair Is as Follows

Question 92

Essay

The income statement of Fezzik's Shoe Repair is as follows: The income statement of Fezzik's Shoe Repair 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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