Prepare the Necessary Closing Entries Based on the Following Selected

question 152

Essay

Prepare the necessary closing entries based on the following selected accounts. $$\begin{array} { l r } \text { Accumulated Depreciation } & \$ 10,000 \\\text { Depreciation Expense } & 4,000 \\\text { Retained Earnings } & 20,000 \\\text { Dividends } & 12,000 \\\text { Salaries and Wages Expense } & 18,000 \\\text { Service Revenue } & 31,000\end{array}$$

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Definitions:

Flabby Expressions

Phrases or words that do not add value to the message being communicated, often making sentences longer and less clear.

Up-to-date

Current, containing the latest information or following the most recent trends.

Flabby Expressions

Phrases or words that are vague, unnecessary, or weaken the clarity and impact of communication.

Long Lead-in

An extended introduction that precedes the main point or content, often used in writing or speeches.