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help me fill in the blanks! Current Attempt in Progress The ledger of Sheffield Company contains the following balances: Retained Earnings $ 30,100; Dividends $
help me fill in the blanks!
Current Attempt in Progress The ledger of Sheffield Company contains the following balances: Retained Earnings $ 30,100; Dividends $ 2,800; Service Revenue $ 51,000; Salaries and Wages Expense $ 27,100; and Supplies Expense $ 7,800. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 I (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income/ (loss)) Dec. 31 (To close dividends) Step by Step Solution
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