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It is December 31, 2020, and time to close the books Journalize the following closing entries, with explanations for Renee's Rice Treats a. Service revenue,

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It is December 31, 2020, and time to close the books Journalize the following closing entries, with explanations for Renee's Rice Treats a. Service revenue, $23,000 b. A compound closing entry for all the expenses Salaties, S5, 100, Rent $2,800 Advertising $2,900 c. Income Summary d. Renee Kilroy, Withdrawals, 53 800 GE Begin by joumalizing the closing entry for a Service revenue $23,000 (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Accounts Debit Credit

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