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The ledger of FCC Company includes the following accounts with normal balances: Common Stock, $10,800; Retained Earnngs $5,600; Dividends, $1,600; Services Revenue, $30,000; Wages
The ledger of FCC Company includes the following accounts with normal balances: Common Stock, $10,800; Retained Earnngs $5,600; Dividends, $1,600; Services Revenue, $30,000; Wages Expense, $17,400; and Rent Expense, $5,200. Prepare the necessary closing entries from the available information on December 31 (you may use Excel to format your journal entries and copy in the essay box below or input your journal entries directly).
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
324663854, 978-0324663853
