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Prepare the company closing entries

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Reference no: EM132642042

Question - Given

Michael capital $118,400

Service revenue $256,400

Unearned revenues $5,400

Salaries expenses $70,000

Accumulated amortization $11,800

Interest revenue $5,800

Interest expense $ 8,800

Accounts receivable $56,000

Salaries payable $3,400

Amortization expenses $23,600

Michael withdrawals $90,000

Supplies $5,600

Required - Prepare the company' closing entries. Include explanation.

Reference no: EM132642042

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