Prepare closing entries given the following abstract of

Reference no: EM13483018

Prepare closing entries given the following abstract of accounts from the general ledger.

	Debits	Credits
Revenues		$100,000
Interest Income		1,100
Wages & Salaries	$40,000
Utilities	6,500
Insurance	5,000
Rent	20,000
Telephone	12,000
Dividends	5,000

Reference no: EM13483018

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