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1 . This is the first accounting period for Lo Lo Lawrence Landscaping. The Temporary Equity accounts have the following balances on July 3 1

1.This is the first accounting period for Lo Lo
Lawrence Landscaping. The Temporary Equity
accounts have the following balances on July 31st:
Revenue $100,000
Withdrawals $20,000
Salary Expense $50,000
Utility Expense $10,000.
Required: Record the four closing journal
entries in the closing journal.

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