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Ex. Prepare the necessary closing entries based on the following selected accounts. Accumulated Depreciation $10,000 Depreciation Expense 6,000 Owner's Capital 20,000 Owner's Drawings 9,000 Salaries

Ex. Prepare the necessary closing entries based on the following selected accounts. Accumulated Depreciation $10,000 Depreciation Expense 6,000 Owner's Capital 20,000 Owner's Drawings 9,000 Salaries and Wages Expense 19,000 Service Revenue 40,000

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