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) Based on the year-end data below, make the four closing entries at year-end (25 points): Service Fees = $520,000 Drawing = $12,000 Rent Expense
) Based on the year-end data below, make the four closing entries at year-end (25 points):
Service Fees = $520,000
Drawing = $12,000
Rent Expense = $101,000
Wage Expense = $100,000
Utilities Expense = $99,000
Advertising Expense = $40,000
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