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Create and journalize crandalls closing entries

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Crandall Consulting reported the following items at June 30, 2015:

Advertising Expense $2,500

Other assets $1,200

Depreciation expense $350

Long-term Liabilities $500

Cash $1,500

Service revenue $3,750

Accounts payable $700

Accounts receivable $1,400

Question 1: Create and Journalize Crandall's closing entries as needed for these accounts

Reference no: EM132483569

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