Use the following adjusted trial balance for Magic Company to prepare its closing entries.

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Account Title Cash Accounts receivable Land Accounts payable Long-term notes payable Common stock Retained

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Financial And Managerial Accounting

ISBN: 9781260728774

9th Edition

Authors: John J. Wild

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Question Posted: Jan 11, 2024 09:03 AM

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Use the following adjusted trial balance for Magic Company to prepare its closing entries.

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Dec 31 Services Revenue 79000 Dec 31 Income Summary 15000 Inco...View the full answer

Financial And Managerial Accounting

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