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Prepare the entries to close the revenue and expense account

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Question - The income statement for Salt Creek Golf Club for the month ending July 31 shows Service Revenue $17,200, Salaries and Wages Expense $8,100, Maintenance and Repairs Expense $3,500, and Net Income $5,600.

Required - Prepare the entries to close the revenue and expense accounts.

Reference no: EM133126971

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