prepare closing entries for december without explanation from the following Income Statement columms of the work sheet of the DeGraff Cleaning Serverce, assuming that a $10250 withdrawal was made during the period

Income statement

Debit Credit

Revenue 10350

wages expense 9875

rent expenses 3250

supplies expenses 350

insurance expenses 700

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14225 10350

Net loss 3875

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14225 14225

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