Posted: February 6th, 2021

Prepare the necessary closing entries based on the following selected

Prepare the necessary closing entries based on the following selected accounts.  

     

            Accumulated Depreciation         $10,000

            Depreciation Expense                  5,000

            Jones, Capital                           20,000

            Jones, Drawing                         12,000

            Salaries Expense                      15,000

            Service Revenue                        30,000

 

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