Accounting

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The ledger of Swann Company contains the following balances: D. Swann, Capital $30,000; D. Swann, Drawing $2,000; Service Revenue $50,000; Salaries Expense $27,000; and Supplies Expense $4,000. Prepare the closing entries at December 31. Click on the drop box to select the account.

 

Date

Description/Account

Debit

Credit

Dec. 31

 

 

 

 

 

[removed]

 

(To close drawings.)

  
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