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How do prepare the closing entries at december

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Reference no: EM132607978

The ledger of Kaya Company contains the following balances:

Retained Earnings $30,000
Dividends $2,000
Service Revenue $50,000
Salaries Expense $27,000
Supplies Expense $4,000.

Question 1: Prepare the closing entries at December 31

Reference no: EM132607978

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