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Burbon Ltd

Question 8

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Burbon Ltd. is a private company reporting under ASPE. The adjusted trial balance at its fiscal year end, December 31, 2016, is shown below: Burbon Ltd. is a private company reporting under ASPE. The adjusted trial balance at its fiscal year end, December 31, 2016, 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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