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Given the following adjusted acount balances in random order, prepare the CLOSING entries on December 31, XX.Cash 35,000Tom Smith, Capital 85,000Accounts Payable 33,000Revenue 84,000Deprec. Expense
- Given the following adjusted acount balances in random order, prepare the CLOSING entries on December 31, XX.Cash 35,000Tom Smith, Capital 85,000Accounts Payable 33,000Revenue 84,000Deprec. Expense building 12,000Salary Expense 29,000Interest Revenue 24,000Prepaid Rent 9,000 Supplies Expense 6,000Note Payable 71,000 Land 65,000Accounts Receivable 32,000Accum. Deprec. Building 12,000Unearned Revenue 3,000Tom Smith, Withdrawals 20,000Rent Expense 15,000Building 95,000Supplies 4,000Interest expense 4,000
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