Hello, I need help with the following question(s): p Mail-James.yarbrougho x YeC

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Hello, I need help with the following question(s):

p Mail-James.yarbrougho x YeChegg Study! Guided So ? | Connect ? ? ??Secure l https://newconnect.mheducation.com/flow/connect.html X New Tab Ch 3 Exercises Help Save & Exit Submit Saved Check my work 12 QS 3-21 Preparing closing entries from the ledger LO P4 4.37 pcinis The ledger of Mal Company includes the following accounts with normal balances: Common Stock, $9,000;Dividends, $800; Services Revenue, S13,000; Wages Expense, $8,400; and Rent Expense, $1,600. Skipped Prepare the necessary closing entries from the available information at December 31. eBook View transaction list Hint Print Reference 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 / 4 Record the entry to close the dividends account Credit Mc Graw O Type here to search 7:15 PM 6/21/2018 2

Explanation / Answer

1 Service revenue 13000             Income summary 13000 2 Income summary 10000             Wages expense 8400             Rent expense 1600 3 Income summary 3000             Retained earnings 3000 4 Retained earnings 800             Dividends 800

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