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The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,000; Dividends $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare its December 31 closing entries. 1 No 2 3 4 Date December 31 December 31 December 31 December 31 Services revenue Income summary Income summary Wages expense Income summary Rent expense Income summary Dividends X Answer is not complete. General Journal 33 33 >> X> Debit 13,000 8,400 X 1,600 X 800 S Credit 13,000 8,400 1,600 800

The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,000; Dividends $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare its December 31 closing entries. 1 No 2 3 4 Date December 31 December 31 December 31 December 31 Services revenue Income summary Income summary Wages expense Income summary Rent expense Income summary Dividends X Answer is not complete. General Journal 33 33 >> X> Debit 13,000 8,400 X 1,600 X 800 S Credit 13,000 8,400 1,600 800

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,000; Dividends $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare its December 31 closing entries. 1 2 3 No 4 Date December 31 December 31 December 31 December 31 Services revenue Income summary Income summary Wages expense Income summary Rent expense Income summary Dividends X Answer is not complete. General Journal 33 33 >> X Debit 13,000 8,400 x 1,600 800 X Credit 13,000 8.400 1,600 x 800 >
Transcribed Image Text:The ledger of Mai Company includes the following accounts with normal balances as of December 31: Retained Earnings $9,000; Dividends $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare its December 31 closing entries. 1 2 3 No 4 Date December 31 December 31 December 31 December 31 Services revenue Income summary Income summary Wages expense Income summary Rent expense Income summary Dividends X Answer is not complete. General Journal 33 33 >> X Debit 13,000 8,400 x 1,600 800 X Credit 13,000 8.400 1,600 x 800 >
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