The ledger of Mai Company includes the following accounts with normal balances as of December 31: D

Accounting Aug 06, 2020

The ledger of Mai Company includes the following accounts with normal balances as of December 31: D. Mai, Capital $9,700; D. Mai, Withdrawals $1:150; Services Revenue $20,000; Wages Expense $11,900; and Rent Expense $3,000.
Prepare its December 31 closing entries.

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