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9. Hart RV Center, Inc.%u2019s, accounting records include the following accounts at December 31,
2010:
cost of goods sold $387,000 accumulated depreciation $38,000
accounts payable 19,000 cash 44,000
rent expense 22,000 sales revenue 699,000
building 114,000 depreciation expense 14,000
retained earnings 63,000 dividends 63,000
inventory 256,000 sales discounts 8,000
common stock 140,000
Requirement
R1. Journalize the required closing entries for Hart RV Center for December 31, 2010
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