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Given the Following Adjusted Trial Balance: Instructions

Question 20

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Given the following adjusted trial balance: Given the following adjusted trial balance: Instructions a) Determine the 1. net income (loss). 2. current assets. 3. total assets. 4. shareholders' equity. 5. gross profit. 6.current liabilities. b) Prepare any closing entries required. Assume dividends declared and paid in 2020 are $19,000. a) Determine the Instructions
a) Determine the
1. net income (loss).
2. current assets.
3. total assets.
4. shareholders' equity.
5. gross profit.
6.current liabilities.
b) Prepare any closing entries required. Assume dividends declared and paid in 2020 are $19,000.
a) Determine the

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a)
1. $11,500 = $420,000 - 285,600 - 137...

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