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  3. cash 10,000 accounts receivable 7,420 prepaid rent

Cash 10,000 Accounts Receivable 7,420 Prepaid Rent 2,320 Equipment 23,150 Accumulated Depreciation-Equip. 5,500 Notes Payable...

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Accounting

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Cash 10,000 Accounts Receivable 7,420 Prepaid Rent 2,320 Equipment 23,150 Accumulated Depreciation-Equip. 5,500 Notes Payable (due in October 2022) 5,500 Accounts Payable 5,500 Common Stock 18,470 Retained Earnings 8,550 Dividends 3,550 Service Revenue 15,000 Salaries and Wages Expense 10,580 Rent Expense 750 Depreciation Expense 750 Interest Expense 20 Interest Payable 20 Totals 58,540 58,540 Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order of journal entries were recorded in the previous part of the question.) Income Summary Retained Earnings

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