Closing entries with net income Automation Services Co. offers its services to companies desiring to use technology to improve t
heir operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: Fees Earned Dividends Rent Expense Retained Earnings Supplies Expense Wages Expense Miscellaneous Expense 614,500 45,000 140,000 ,250,000 18,200 8,700 Journalize the closing entries.
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