Question: Current Attempt in Progress Kingbird Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024.

 Current Attempt in Progress Kingbird Inc. has recorded all necessary adjusting
entries, except for income tax expense, at its fiscal year end, July
31, 2024. The following information has been taken from the adjusted trial
balance: All accounts have normal balances and total assets equal $654,000. Kingbird

Current Attempt in Progress Kingbird Inc. has recorded all necessary adjusting entries, except for income tax expense, at its fiscal year end, July 31, 2024. The following information has been taken from the adjusted trial balance: All accounts have normal balances and total assets equal $654,000. Kingbird has a 203 income tax rate: Statement of Retained Earnings Year Ended July 31, 2024 Retained Earnings, August 1, 2023 eTextbook and Media Prepare closing entries. (Credit occount titles are outomatically indented when the amount is entered, Do not indent monicelly if no entry is required, select "No Entry" for the occount bitles and enter O for the amounts List all debit entries before crodit entries.). ds

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