Question: Prepare the closing journal entry that Reitmans would make on January 28, 2012. (Alternative approach: Set up an accounting equation spreadsheet using Reitmans' financial statements

Prepare the closing journal entry that Reitmans would make on January 28, 2012. (Alternative approach: Set up an accounting equation spreadsheet using Reitmans' and record the closing entry Reitmans would make on January 28, 2012.)

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