Closing Entries The adjusted trial balance prepared as of December 31, for Phyllis Howell...

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Accounting

Closing Entries The adjusted trial balance prepared as
of December 31, for Phyllis Howell & Company,
Consultant, contains the following revenue and expense
accounts:
Prepare journal entries to close the accounts directly to
Retained Earnings. After these entries are posted, what
is the balance in the Retained Earnings account?
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