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Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The

Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021.

Accounts Payable $ 599
Accounts Receivable 299
Accumulated Depreciation 899
Cash 299
Common Stock 199
Deferred Revenue 199
Depreciation Expense 299
Equipment 3,199
Income Tax Expense 299
Interest Revenue 99
Notes Payable (long-term) 199
Notes Payable (short-term) 499
Prepaid Rent 99
Rent Expense 399
Retained Earnings 1,499
Salaries and Wages Expense 2,199
Service Revenue 6,197
Supplies 499
Supplies Expense 199
Travel Expense 2,599
  1. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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