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Given the following adjusted account balances in random order, prepare the CLOSING entries on December 31, XX. Cash 35,000 Tom Smith, Capital 85,000 Accounts Payable

Given the following adjusted account balances in random order, prepare the CLOSING entries on December 31, XX. Cash 35,000 Tom Smith, Capital 85,000 Accounts Payable 33,000 Revenue 84,000 Deprec. Expe...

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