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Closing Entries with Net Loss Summit Services Co . offers its services to individuals desiring to improve their personal images. After the accounts have been
Closing Entries with Net Loss
Summit Services Co offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May the end of the fiscal year, the following balances were taken from the ledger of Summit Services:
Line Item Description Amount
Fees Earned $
Dividends
Rent Expense
Retained Earnings
Supplies Expense
Wages Expense
Miscellaneous Expense
Journalize the closing entries required to close the accounts. If an amount box does not require an entry, leave it blank.
DateAccountDebitCredit
May
May
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