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The following normal balances appear in Eaton Company's general ledger: Account Amount Revenues: $49,000 Wages Expense: $27,500 Utilities Expense: $1,650 Insurance Expense: $3,870 In the
The following normal balances appear in Eaton Company's general ledger: Account Amount Revenues: $49,000 Wages Expense: $27,500 Utilities Expense: $1,650 Insurance Expense: $3,870 In the first closing entry, Retained Earnings will be credited for a. $15,980. b. $27,500. c. $49,000. d. $33,020
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