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The following is an adjusted trial balance at December 3 1 . Account Title Debit Credit Cash $ 8 , 7 0 0 Accounts receivable

The following is an adjusted trial balance at December 31.
Account Title Debit Credit
Cash $ 8,700
Accounts receivable 18,200
Supplies 3,700
Building 179,000
Accumulated depreciationBuilding $ 36,700
Land 92,000
Accounts payable 14,100
Interest payable 4,700
Long-term notes payable 61,500
Common stock 33,500
Retained earnings 143,500
Dividends 20,700
Services revenue 113,500
Rental revenue 23,500
Depreciation expenseBuilding 24,200
Wages expense 63,100
Supplies expense 8,700
Interest expense 12,700
Totals $ 431,000 $ 431,000
Prepare the closing entries for the year ended December 31.

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