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The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $10,700; D. Mai, Withdrawals $1,650; Services

The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $10,700; D. Mai, Withdrawals $1,650; Services Revenue $30,000; Wages Expense $16,900; and Rent Expense $5,000. Prepare its December 31 closing entries

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