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ZYX company has $5,000 in revenue, $2,000 in organization expenses and $1,500 in dividends. Record the closing entry for organization expenses.

ZYX company has $5,000 in revenue, $2,000 in organization expenses and $1,500 in dividends.

Record the closing entry for organization expenses.

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SOLUTION The closing entry for organization expenses would be as follows Debit Organization Expenses ... blur-text-image

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