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Question 2 View Policies Current Attempt in Progress The ledger of Bridgeport Company contains the following balances: Retained Earnings $28,000; Dividends $1,500: Service Revenue $51,500;

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Question 2 View Policies Current Attempt in Progress The ledger of Bridgeport Company contains the following balances: Retained Earnings $28,000; Dividends $1,500: Service Revenue $51,500; Salaries and Wages Expense $26,500; and Supplies Expense $6,500. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. der presented in the problem and use the numbers Enter the balances in the T-accounts, post the closing as a reference. Salaries and Wages Expense Bal. Supplies Expense Bal. (2) Service Revenue Bal. Dividends Bal. (4) Income Summary Bal. Retained Earnings Retained Earnings

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