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The ledger of Mai Company includes the following accounts with normal balances as of December 31 : Retained Earnings $9,700; Pividends $1,150; Services Revenue $20,000;

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The ledger of Mai Company includes the following accounts with normal balances as of December 31 : Retained Earnings $9,700; Pividends $1,150; Services Revenue $20,000; Wages Expense $11,900; and Rent Expense $3,000. Prepare its December 31 closing entries. Journal entry worksheet Record the entry to close revenue accounts. Note: Enter debits before credits

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