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Prepare the closing entry for Sibley Co. when it earned membership revenues of $5,200 and rent revenue of $6,200, and it incurred startup expenses of

  1. Prepare the closing entry for Sibley Co. when it earned membership revenues of $5,200 and rent revenue of $6,200, and it incurred startup expenses of $1,550, wages expense of $3,400, utilities expense of $1,900, and miscellaneous expense of $600

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