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The ledger of Bramble Company contains the following balances: Retained Earnings $31.500. Dividends $1.500, Service Revenue $50,000, Salaries and Wages Expense $28,500, and Supplies Expense
The ledger of Bramble Company contains the following balances: Retained Earnings $31.500. Dividends $1.500, Service Revenue $50,000, Salaries and Wages Expense $28,500, and Supplies Expense $8,000. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Enter the balances in T-accounts, and post the closing entries. Salaries and Wages Expense Supplies Expense Service Revenue Dividends Income Summary Retained Earnings eTextbook and Media Save for Later Attempts: 0 of 3 used Submit
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