Prepare closing entries and calculate retained earnings at


Prepare closing entries and calculate retained earnings at the end of the period.

Service fees Earned 80,500
Rent Expense 20,800
Salaries Expense 52,000
Supplies Expense 5,600
Depreciation Expense 11,300
Retained Earnings 72,000
Dividends 10,000

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Accounting Basics: Prepare closing entries and calculate retained earnings at
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