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Posted: May 14th, 2023

What are the closing entries

What are the closing entries?TREVOR CORPORATIONBalance SheetDecember 31, 2013Cash$ 30,000Accounts payable$ 13,750Inventory30,750Interest payable2,500Prepaid insurance5,600Bonds payable50,000Equipment38,000Common stock25,000$104,350Retained earnings13,100$104,350

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