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The income statement for crestwood golf club for the month

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The income statement for Crestwood Golf Club for the month ending July 31 shows Green Fee Revenue $14,255, Salaries Expense $8,729, Maintenance Expense $3,286, and Net Income $2,240. Prepare the entries to close the revenue and expense accounts. Post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three-column form of account.

Reference no: EM13597227

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