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The ledger of Blue Spruce Company contains the following balances: Retained Earnings $29,600; Dividends $2,800; Service Revenue $51,000; Salaries and Wages Expense $25,700; and Supplies

The ledger of Blue Spruce Company contains the following balances: Retained Earnings $29,600; Dividends $2,800; Service Revenue $51,000; Salaries and Wages Expense $25,700; and Supplies Expense $7,100. Prepare the closing entries at December 31.

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