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6 QS 3-18 Preparing closing entries from the ledger LO P7 125 points The ledger of Mal Company Includes the following accounts with normal balances

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6 QS 3-18 Preparing closing entries from the ledger LO P7 125 points The ledger of Mal Company Includes the following accounts with normal balances as of December 31: Common Stock $10,300: Dividends $1.450: Services Revenue $26.000: wages Expense $14.900; and Rent Expense $4,200. Prepare its December 31 closing entries. 01:48:09 View transaction at eBook X Hint 1 Print Record the entry to close revenue accounts. 2 Record the entry to close expense accounts. Record the entry to close the income summary account 4 Record the entry to close the dividends account. 3 Reference: Credit Note : = journal entry has been entered Record entry Clear entry View general Journal

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