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The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $10,200; D. Mai, Withdrawals $1,400; Services

The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $10,200; D. Mai, Withdrawals $1,400; Services Revenue $25,000; Wages Expense $14,400; and Rent Expense $4,000. Prepare its December 31 closing entries.

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