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At March 3 1 , SOME of account balances after adjustments for ABC Company are as follows:Sales Revenues$ 7 5 , 0 0 0 Equipment$

At March 31, SOME of account balances after adjustments for "ABC" Company are as follows:Sales Revenues$75,000Equipment$62,500Service Revenues$40,000Capital$37,500Rent Revenues$62,500Supplies Expense$25,000Salaries Expense$22,500Interest Expense$20,000Accumulated Depreciation$15,000Dividends$15,000Advertising Expense$15,000Rent Expense$15,000Cash$7,500Accounts Payable$6,250Utilities Expense$18,750Supplies$5,000Depreciation Expense$5,000Based on the above-given information, answer the following questions:1. The debit side of the revenue closing entry must bewith anamount of2. The credit side of the Expense closing entry must bewith anamount of3. The debit side of the Income summary closing entry must beamount ofwith an

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