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PROBLEM 4 (20 Points) Tiger, Inc. Adjusted Tral Balance Cash Accounts receivable Office equipment Accumulated depreciation: 175,000 262,500 50,000 100,000 50,000 125,000 100,000 office equipment

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PROBLEM 4 (20 Points) Tiger, Inc. Adjusted Tral Balance Cash Accounts receivable Office equipment Accumulated depreciation: 175,000 262,500 50,000 100,000 50,000 125,000 100,000 office equipment Accounts payable Income taxes payable Capital stock Retained eanings Dividends Sales commissions eaned Advertising expense Rent expense Salaries expense Utilities expense Depreciation expense office equipment Income taxes expense 42,500 542,500 80,000 110,000 112,500 76,250 25,000 967.50067,500 Prepare the four closing entries ON THE ANSWER PAGE)

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