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A service business has the following financial information as of December 31 prior to recording closing entries: Service revenue $8,000 Rent expense $1,000 Salary expense
- A service business has the following financial information as of December 31 prior to recording closing entries:
Service revenue $8,000
Rent expense $1,000
Salary expense $3,500
Depreciation expense $1,500
Dividends $750
Prepare all the necessary closing journal entries required at December 31.
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Cost Accounting
Authors: Mark Lee Inman
1st Edition
0434908304, 9780434908301
