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Maureen's Tennis reported the following selected accounts in its June 30, 2014, annual financial statements. Prepare the company's closing entries.
Maureen Thor, Capital
$126,000
Interest Expense
$9,000
Service Revenue
364,000
Accounts Receivable
62,000
Unearned Revenues
6,800
Salaries Payable
3,600
Salary Expense
170,000
Amortization Expense
44,000
Accumulated Amortization
140,000
Rent Expense
25,000
Supplies Expense
23,000
Maureen Thor, Withdrawals
94,000
Interest Revenue
7,400
Supplies
6,600
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