The ledger of Mai Company includes the following accounts with normal balances as of December $31$: Retained Earnings $$10,600$; Dividends $$1,600$; Services Revenue $$29,000$; Wages Expense $$16,400$; and Rent Expense $$4,800.$

Prepare its December $31$ closing entries.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record the entry to close revenue accounts.

Note: Enter debits before credits.

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