Provide the closing entry for the following trial balance

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Question - Provide the closing entry for the following trial balance at year end:

DR. CR.

Cash $5,275

A/R $1,850

Equipment $56,480

A/P $12,350

Owners Capital $70,405

Owners Withdrawals $6,000

Revenue $85,000

Cost of Goods Sold $25,000

Salaries $50,000

Payroll Taxes $8,900

Utilities $13,800

Reference no: EM133140088

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