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Make the four closing entries at year-end

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Question - Based on the year-end data below, make the four closing entries at year-end:

Service Fees = $520,000

Drawing = $12,000

Rent Expense = $101,000

Wage Expense = $100,000

Utilities Expense = $99,000

Advertising Expense = $40,000

Reference no: EM132919446

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