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1) Given the following adjusted account balances in random order, prepare the closing entries for ABC Company on December 31, 2019. Cash 35,000 85,000 Owner,
1) Given the following adjusted account balances in random order, prepare the closing entries for ABC Company on December 31, 2019. Cash 35,000 85,000 Owner, Capital Accounts payable 33,000 Service revenue 84,000 Amortization expense-building 12,000 Salary expense Unearned service revenue Prepaid rent Supplies expense Note payable Land Accounts receivable Accum amortization-building Interest revenue Interest payable Owners, Withdrawals Rent expense Building Supplies Interest expense 29,000 24,000 9,000 6,000 71,000 65,000 32,000 12,000 14,000 3,000 20,000 15,000 95,000 4,000 4.000
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