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Following are selected account balances related to sales for Camellia Co. Prepare the appropriate journal entries to close these accounts. Account Debit Credit Capital, Camellia

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Following are selected account balances related to sales for Camellia Co. Prepare the appropriate journal entries to close these accounts. Account Debit Credit Capital, Camellia $60,000 Sales Revenue $300,000 Cost of Goods Sold $90,000 Rent expense 4,000 Wages expense 8,000

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