Active Consulting, a proprietorship, has the following year-end account balances: Service Revenue $426,500; Salaries and Wages Expense
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Active Consulting, a proprietorship, has the following year-end account balances: Service Revenue $426,500; Salaries and Wages Expense $219,000; Rent Expense $74,000; Utilities Expense $33,000; and Owner’s Drawings $65,000. Prepare the year-end closing entries.
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Related Book For 
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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