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Closing Entries with Net Income Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: Fees Earned $614,500 Dividends 45,000 Rent Expense 140,000 Retained Earnings 3,250,000 Supplies Expense 18,200 Wages Expense 320,000 Miscellaneous Expense 8,700 Joumalize the closing entries. If an amount box does not require an entry, leave it blank. Dec. 31 Dec. 31 Previous Next > Next 320,000 Wages Expense Miscellaneous Expense 8,700 Journalize the closing entries. If an amount box does not require an entry, leave it blank. Dec. 31 Il 111111 Dec. 31 Check My Work Sa Email Instructor eBook Show Me How Calculator Print Item Closing Entries with Net Loss Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Summit Services: Fees Earned $1,150,000 5,000 Dividends Rent Expense Retained Earnings 200,000 450,000 19,300 Supplies Expense Wages Expense Miscellaneous Expense 915,000 31,900 Journalize the closing entries required to close the accounts. If an amount box does not require an entry, leave it blank. May 31 IDIDII IL May 31

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