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Prepare the year-end closing entries

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Question - Marin Consulting, a proprietorship, has the following year-end account balances: Service Revenue $456,000; Salaries and Wages Expense $195,000; Rent Expense $70,000; Utilities Expense $32,000; and Owner's Drawings $61,000. Prepare the year-end closing entries.

Reference no: EM133105151

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