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(Solved): please make sure your work is not cut off Refer to the adjusted trial balance of Green lawns, i ...
please make sure your work is not cut off
Refer to the adjusted trial balance of Green lawns, inc respond to the following items.
a. Prepare all necessary closing entries at December 31, current year.
b. Prepare an afyer-closing trial balance dated December 31, current year.
c. Compare the Retained Earnings balance reported in the after-closing trial balance prepared in part b to the balance reported in the adjusted trial balance. Explain why the two balances are different.( Include in your explanation why the blance reported in the after-closing trial balance has increased or decreased subsequently to the closing process.)