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On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 for
On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 for Boles Athletic Company, journalize the closing entries. Cash Accounts Receivable $ 30,000 45,200 Supplies Equipment 5,000 169,900 Accumulated Depreciation $ 32,000 Accounts Payable 12,500 Jason Boles, Capital 71,600 Jason Boles, Drawing 47,000 Fees Earned $10,000 Salary Expense 244,500 Rent Expense 48,000 Depreciation Expense Supplies Expense 25,000 9,500 Miscellaneous Expense 2.000 3626.100 5626.100 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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