Closing Entries Make the closing entry (or entries) necessary to close the following accounts:… 1 answer below »
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Closing Entries
Make the closing entry (or entries) necessary to close the following accounts:
Salary Expense
$18,000
Unearned Service Revenue
4,700
Paid-In Capital
2,000
Cash
800
Service Revenue
20,000
Rent Expense
6,400
Retained Earnings (beginning)
1,500
Prepaid Rent Expense
3,000
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