Paloma Company shows the following balances in selected accounts of its adjusted trial balance. Prepare the remaining
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Paloma Company shows the following balances in selected accounts of its adjusted trial balance.
Prepare the remaining closing entries at December 31.
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Supplies $32,000 $32,000 Service Revenue $108,000 Supplies Expense 6,000 Salaries and Wages Expense 40,000 Accounts Receivable 12,000 Utilities Expense 8,000 Dividends 22,000 Rent Expense 18,000 Retained Earnings 70,000
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119316022
8th Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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