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Prepare closing entries for general journal form

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Reference no: EM132554830

Dowdy Hospital provides you with the following information:

Revenues for 20X2 $500,000

Expenses for 20X2 450,000

Hospital net assets, December 31, 20X1 860,000

Revenue and expense summary -0-

Required:

Question (1) Prepare closing entries for 20X2 in general journal form.

Reference no: EM132554830

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