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The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9700; Dividends $1,150; Service Revenue $20,000; Wages
The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9700; Dividends $1,150; Service Revenue $20,000; Wages Expense $11,900; and Rent Expense $3000.
Prepare its December 31 closing entries
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