Answers
Closing Entries = Date Particulares Debit Credit 31-Dec Interest Service Revenue Printing Service Revenue Income Summary 65,000 24,000 89,000 35,000 31-Dec Income Summary Salary Expense Rent Expense Supplies Expensel Tax Expensel 20,000 5,000 3,000 7,000 31-Dec Income Summary Retained Earnings 54,000 54,000 25,000 31-Dec Retained Earnings Dividends 25,000
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