Pigeon Centre Ltd$.($PCL$)$ reported the following data at March $31,2020,$ with amounts in thousands:

$($Click the icon to view the account balances.$)$

Make the company's closing entries at March $31,2020.$

A T$-$account for Retained Earnings has been opened for you. Post to that account.

Compare the Retained Earnings' ending balance to the amount reported on PCLstatement of retained earnings and balance sheet. What do you find? Why is it important?

Make the company's closing entries at March $31,2020.$

Begin by making the closing entry for revenues at March $31,2020.($Record debits first, then credits. Explanations are not required.$)$

$\backslash$table$[[$Journal Entry$],[$Date$,,$Accounts,Debit,Credit$],[$Mar$.,31$