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5 10 pts The following accounts and their balances are listed below: Prepare the first journal entry to close the temporary accounts (Do not use
5 10 pts The following accounts and their balances are listed below: Prepare the first journal entry to close the temporary accounts (Do not use the Income Summary Account). Instead, close these accounts directly to Capital: Fees Earned $5,000 Rent Expense $2,000 Supplies Expense $1,000 Toby, Capital $500,000
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