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Patel Insurance Agency reported the following items at October 31 Make Patel Insurance Agency's closing entries, as needed, for these accounts. Begin by recording the

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Patel Insurance Agency reported the following items at October 31 Make Patel Insurance Agency's closing entries, as needed, for these accounts. Begin by recording the closing entry for service revenue. (Record debits first, then credits. Enter explanations on the last line.) Now, make the journal entry to close the expense adcounts. Use a compound entry. Next, close income sumenary. finally, clone withdrawals

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