Mathematics, 27.04.2021 01:50 aiffland113

Financial Accounting Question The following balances were taken from the Ramirez Company ledger at the end of the period:

Retained Earnings 125,000
Dividends 15,000
Service Revenue 400,000
Salary Expense 220,000
Utilities Expense 35,000
Rent Expense 75,000
Misc. Expense 22,000

Prepare the two entries required to close the accounts.

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