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ABC Company had the following balances in its accounts. 1) Service Revenue $200,000 2) Rent Expense $9,000 3) Salary Expense $40,000 4) Supplies Expense $5,000

ABC Company had the following balances in its accounts. 1) Service Revenue $200,000 2) Rent Expense $9,000 3) Salary Expense $40,000 4) Supplies Expense $5,000 Prepare the closing entries for ABC Company

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