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Based on the data below, journalize the four closing entries (25 points): Service Fees = $600,000 Rent Expense = $40,000 Advertising Expense = $60,000 Wage

Based on the data below, journalize the four closing entries (25 points):

Service Fees = $600,000

Rent Expense = $40,000

Advertising Expense = $60,000

Wage Expense = $100,000

Utilities Expense = $40,000

Drawing = $2000

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