Make the four journal entries required to close the books

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Question - The following accounts and normal balances existed at year-end. Make the four journal entries required to close the books.

Retained earnings $22,000

Dividends 6,000

Fees earned revenue 90,000

Selling expenses 45,000

Administrative expenses 16,000

Miscellaneous expense 2,300

Reference no: EM133112632

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