Prepare the necessary closing entries based on the following selected accounts. Accumulated Depreciation......................................................$10,000 Depreciation Expense..................................................................4,000 Owner's Capital..........................................................................20,000
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Prepare the necessary closing entries based on the following selected accounts.
Accumulated Depreciation......................................................$10,000
Depreciation Expense..................................................................4,000
Owner's Capital..........................................................................20,000
Owner's Drawings......................................................................12,000
Salaries and Wages Expense.....................................................18,000
Service Revenue..........................................................................31,000
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