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Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Swifty Corporation is provided below

Accounting

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Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Swifty Corporation is provided below.

 

DebitCreditAccounts Receivable $53,720

Dividends 19,460

Depreciation Expense 9,770

Equipment 157,470

Salaries and Wages Expense 67,410

Accounts Payable $39,220

Accumulated Depreciation—Equipment 84,950

Unearned Rent Revenue 16,950

Service Revenue 136,010

Rent Revenue 4,590

Rent Expense 2,660

Retained Earnings 45,730

Supplies Expense 1,040

 

(a)

Help Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)