Question: 2) Based on the year-end data below, make the four closing entries at year-end (25 points): Service Fees = $520,000 Drawing = $12,000 Rent Expense

2) Based on the year-end data below, make the four closing entries at year-end (25 points): Service Fees = $520,000 Drawing = $12,000 Rent Expense = $101,000 Wage Expense = $100,000 Utilities Expense = $99,000 Advertising Expense = $40,000

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