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The ledger of Mai Company includes the following accounts with normal balances as of December 3 1 : Retained Earnings $ 1 0 , 4

The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $10,400;
Dividends $1,500; Services Revenue $27,000; Wages Expense $15,400; and Rent Expense $4,400.
Prepare its December 31 closing entries.
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