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QS 3-20 (Algo) Preparing closing entries LO P6 The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,100; Dividends $850; Services Revenue $14,000; Wages Expense $8,900; and Rent Expense $1,800. Prepare its December 31 closing entries. View transaction list Journal entry worksheet 1 2 Date December 31 3 Record the entry to close revenue accounts. Note: Enter debits before credits. Record entry 4 General Journal Clear entry Debit Credit View general journal

QS 3-20 (Algo) Preparing closing entries LO P6 The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,100; Dividends \$850; Services Revenue \$14,000; Wages Expense \$8.900; and Rent Expense \$1,800. Prepare its December 31 closing entries. Journal entry worksheet 4 Record the entry to clese fevenue accounts. Note: Enter debits before credits. QS 3-20 (Algo) Preparing closing entries LO P6 The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Dividends \$850; Services Revenue \$14,000; Wages Expense \$8,900; and Rent Expense \$1,800. Prepare its December 31 closing entries. 1 Record the entry to close revenue accounts. 2 Record the entry to close expense accounts. 3 Record the entry to close the income summary account

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