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Business, 06.02.2021 03:40 abby894927

The Retained earnings account has a credit balance of $39,000 before closing entries are made. Total revenues for the period are $57,200, total expenses are $40,800, and dividends are $9800. What is the correct closing entry for the expense accounts?

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The Retained earnings account has a credit balance of $39,000 before closing entries are made. Total...
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