Record the necessary closing entries

Reference no: EM131519855

Question: The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings, $220,000; Service Revenue, $850,000; Salaries Expense, $380,000; Rent Expense, $140,000; Interest Expense, $75,000; and Dividends, $50,000. Record the necessary closing entries.

Reference no: EM131519855

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