Solved: December 31 balances for selected accounts of the chaney, Accounting Basics

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December 31 balances for selected accounts of the chaney

Question - December 31 balances for selected accounts of the Chaney Company are presented below.

Accounts Receivable 500

Sales 2500

Interest Revenue 750

Dividends 300

Allowance for Doubtful Accounts 100

Salaries Expense 500

Depreciation Expense 400

Unearned Rent 200

Required: Prepare whatever closing entries are appropriate for the accounts above.

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Accounting Basics: December 31 balances for selected accounts of the chaney

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Accounting Basics: December 31 balances for selected accounts of the chaney

Reference No:- TGS02705361

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