Business, 27.02.2020 21:49 jjmarie612

On December 31, the ledger of Davis Company contained the following account balances: Accounts Payable $ 12,000 Fees Income $ 174,000 Accounts Receivable 5,200 Supplies 3,600 Accumulated Depreciation 6,800 Prepaid Rent 58,000 Cash 76,000 Rent Expense 8,400 Depreciation Expense 6,800 Supplies Expense 7,600 Equipment 64,000 Teresa Davis, Capital 101,600 Teresa Davis, Drawing 50,000 Utilities Expense 14,800 All the accounts have normal balances. Prepare the closing entries for Davis Company On December 31.

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On December 31, the ledger of Davis Company contained the following account balances: Accounts Payab...

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