The adjusted trial balance at May 26, 2013, for General Mills includes the following selected accounts. General

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The adjusted trial balance at May 26, 2013, for General Mills includes the following selected accounts. General Mills (GIS)image text in transcribed

Assume that the company has not yet closed any accounts to retained earnings. Prepare journal entries to close the temporary accounts above. Set up the needed T-accounts and post the closing entries. After these entries are posted, what is the balance of the Retained Earnings account?

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