At the end of its first year of operation dade corporation


At the end of its first year of operation, Dade Corporation has $1,000,000 of common stock and net income of $216,000. Prepare 

(a) The closing entry for net income and 

(b) The stockholders' equity section at year-end.

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Accounting Basics: At the end of its first year of operation dade corporation
Reference No:- TGS01516401

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