Question: Please answer The following items arc taken from an adjusted trial balance prepared as of December 31.2015. All account have normal balances. Required: Part a.

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The following items arc taken from an adjusted trial balance prepared as of December 31.2015. All account have normal balances. Required: Part a. Determine the Credits column total on the adjusted trial balance. Part b. Determine that amount of net income (net loss) for the year. Part c. Determine the Total Assets amount that will be reported on the Balance Sheet at December 31, 2015. Part d Determine the total liabilities amount that will be reported on the Balance Sheet at December 31, 2015. Part e. Determine the amount of Retained Earnings that will be reported on the Balance Sheet at December 31, 2015

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