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Record the entry to close the expense accounts Retained earnings $ 87,000Sales revenue 820,000Interest revenue 6,500Cost of goods sold$ 455,000 Salaries expense170,000 Rent expense22,000 Depreciation

Record the entry to close the expense accounts

Retained earnings $ 87,000Sales revenue 820,000Interest revenue 6,500Cost of goods sold$ 455,000 Salaries expense170,000 Rent expense22,000 Depreciation expense37,000 Interest expense5,700 Insurance expense6,700

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