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Cloze Co. has a very simple set of accounts, as can be seen in the Adjusted Trial Balance below. (For this question, be sure your
Cloze Co. has a very simple set of accounts, as can be seen in the Adjusted Trial Balance below. (For this question, be sure your Closing Journal Entries follow the order discussed in the lectures.) Time left 0:49:49 Cash Debit Credit $14 Accounts Receivable 3 Accounts Payable $2 Stock 4 Retained Earnings 9 Dividends 1 Fees Earned 5 Company Expense 2 Total $20 $20 Closing Journal Entry #1 should be: Closing Journal Entry #2 should be: Closing Journal Entry #3 should be: Closing Journal Entry #4 should be: Cash Accounts Receivable Accounts Payable Stock Retained Earnings Dividends Fees Earned Company Expense Income Summary
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