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The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $9,800; D. Mai, Withdrawals $1,200; Services

The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $9,800; D. Mai, Withdrawals $1,200; Services Revenue $21,000; Wages Expense $12,400; and Rent Expense $3,200. Prepare its December 31 closing entries

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