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For each account listedQuestion content area top Part 1 Brett Teddy Enterprises had the following accounts and normal balances listed on its December 31st adjusted
For each account listedQuestion content area top Part 1 Brett Teddy Enterprises had the following accounts and normal balances listed on its December 31st adjusted trial balance: Service Revenue, $ 21 comma 900; Salaries Expense, $ 6 comma 000; Rent Expense, $ 4 comma 400; Advertising Expense, $ 3 comma 100; and Teddy, Withdrawals, $ 6 comma 900. Journalize the closing entries for Teddy Enterprises. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Question content area bottom Part 1 Start by closing revenues. Date Accounts and Explanation Debit Credit Dec. 31 , identify whether the account is a temporary account (T) or a permanent account (P). Question content area bottom Part 1 Account Permanent (P) or Temporary (T)? a. Rent Expense b. Prepaid Rent c. Equipment d. Morrison, Capital e. Salaries Payable f. Morrison, Withdrawals g. Service Revenue h. Supplies Expense i. Office Supplies
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