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Prepare the closing entries at december for concord company

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Reference no: EM132685267

The ledger of Concord Company contains the following balances:

Retained Earnings $28,000,

Dividends $2,000,

Service Revenue $48,000,

Salaries and Wages Expense $26,000, and

Supplies Expense $8,000.

Problem 1: Prepare the closing entries at December 31.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Reference no: EM132685267

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