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The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $10,900; D. Mai, Withdrawals $1,750; Services

The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $10,900; D. Mai, Withdrawals $1,750; Services Revenue $32,000; Wages Expense $17,900; and Rent Expense $5,400. Prepare its December 31 closing entries.

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