Question 6: Using the following data, prepare the closing entries for the month ended December...

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Accounting

Question 6: Using the following data, prepare the closing entries for the month ended December 31,2024.
\table[[Accounts Payable,$34,000,Notes Payable due in 2028,$,],[Accounts Receivable,39,000,,Prepaid Insurance,3,000],[Accumulated Depreciation - Equipment,8,000,Rent Revenue,5,000,],[Advertising Expense,10,100,Retained Earnings, 11?24,180,000,],[Cash,68,200,Salaries & Wages Expense,23,900,],[Common Stock,69,000,Service Revenue,115,400,],[Dividends,8,900,,Supplies,30,250],[Equipment,134,000,,Unearned Revenue,19,900],[Land,163,650,,Utilities Expense,11,800]]
Accounting 201 Working Papers - SPRING 2024
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