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The ledger of Duston Company contains the following balances: Owners Capital $30,700; Owners Drawings $1,700; Service Revenue $49,000; Salaries and Wages Expense $26,500; and Supplies

The ledger of Duston Company contains the following balances: Owners Capital $30,700; Owners Drawings $1,700; Service Revenue $49,000; Salaries and Wages Expense $26,500; and Supplies Expense $6,100. Prepare the closing entries at December 31.

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