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Closing Entries with Net Income Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accounts have

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Closing Entries with Net Income Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: Fees Earned Dividends Rent Expense Retained Earnings Supplies Expense $614,500 45,000 140,000 3,250,000 18,200 320,000 8,700 Wages Expense Miscellaneous Expense Journalize the closing entries. If an amount box does not require an entry, leave it blank. Dec. 31 II IIIIII Dec. 31 Des

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