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Q. The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $900; Services Revenue $15,000; Wages

Q. The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $900; Services Revenue $15,000; Wages Expense $8,600; and Rent Expense $1,400. Prepare the necessary closing entries from the available information at December 31st.

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