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Question(s) / Instruction(s):

"Closing Entries At March 31, account balances after adjustments for Norton Cinema are as follows: Account Balances, Accounts(After Adjustment) Cash $6,000 Concession Supplies 4,000 Theatre Equipment 50,000 Accumulated Depreciation-Theatre Equipment 12,000 Accounts Payable 5,000 Norton, Capital 20,000 Norton, Drawing 12,000 Admission Ticket Revenues 60,000 Popcorn Revenues 32,000 Candy Revenues 19,000 Advertising Expense 12,000 Concession Supplies Expense 19,000 Depreciation Expense 4,000 Film Rental Expense 16,000 Rent Expense 12,000 Salaries Expense 18,000 Utilities Expense 5,000 Instructions Prepare the closing journal entries for Norton Cinema."

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