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Burbon Ltd

Question 20

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Burbon Ltd. is a private company reporting under ASPE. The adjusted trial balance at its fiscal year end, December 31, 2021, is shown below: Burbon Ltd. is a private company reporting under ASPE. The adjusted trial balance at its fiscal year end, December 31, 2021, is shown below: Instructions a) Prepare a statement of retained earnings. b) Journalize the closing entries. Instructions
a) Prepare a statement of retained earnings.
b) Journalize the closing entries.

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