Prepare closing entries from the ledger : The ledger of Mai Company includes the following accounts with

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Prepare closing entries from the ledger : The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital

$9,000; D. Mai, Withdrawals $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense

$1,600. Prepare the necessary closing entries from the available information at December 31.

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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