The accounts of Mar LEARNING OBJECTIVE ciano Services Ltd. at March 31, 2014, are listed in alphabetical

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The accounts of Mar LEARNING OBJECTIVE ciano Services Ltd. at March 31, 2014, are listed in alphabetical order.
The accounts of Mar LEARNING OBJECTIVE  ciano Services Ltd.

Requirements
1. All adjustments have been journalized and posted, but the closing entries have not been made. Journalize Marciano Ltd.'s closing entries at March 31, 2014.
2. Set up a T-account for Retained Earnings and post to that account. Compute Marciano's net income for the year ended March 31, 2014. What is the ending balance of Retained Earnings?
3. Did retained earnings increase or decrease during the year? What caused the increase or the decrease?

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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