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3. Prepare the necessary closing entries based on the following screen Accumulated Depreciation Utilities Expense Blue, Capital Blue, Drawing Salaries Expense Service Revenue 40,000 entries

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3. Prepare the necessary closing entries based on the following screen Accumulated Depreciation Utilities Expense Blue, Capital Blue, Drawing Salaries Expense Service Revenue 40,000 entries based on the following selected accounts. $10,000 15,000 20,000 10,000 13,000 Account Names DEBIT CREDIT

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