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Irvine Company began the current period with a $35,000 credit balance in the M. Irvine, Capital account.

Irvine Company began the current period with a $35,000 credit balance in the M. Irvine, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances.

Service fees earned $ 42,000 Interest revenue $ 8,000
Salaries expense 31,000 M. Gloriosa, Withdrawals 9,200
Depreciation expense 11,000 Utilities expense 5,000

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