The ledger of Mai Company includes the following accounts with normal balances: Common Stock, $9,000; Dividends, $800; Services Revenue, $13,000; Wages Expense, $8,400; and Rent Expense, $1,600. Prepare the necessary closing entries from the available information at December 31.

Explanation:

The closing entries is purposely to transfer account balances to permanents books of account , with all income statements banalces transferred to retained earnings.

Common stock - $9000

Dividends - $800

Service revenue - $13,000

Wages Expenses - $ $8,400

Rent Expenses -    $1,600

Closing Entries

Particulars                            Dr                        Cr

Income Summary           $10,000

Wages Expenses                                        $8,400

Rent Expenses                                            $1,600

Service Revenue              $13,000

Income Summary                                            $13,000

Income Summary             $3,000

(13000-10000)

Retained Earnings                                            $3,000

Retained Earnings             $800

Dividends                                                            $800

The answer is: teller, loan officer, and tax preparer

Teller act as a front liner on banks who deals directly with the customers. The main job of a teller is to assist the people in making their transaction in the bank.

The main duty of a loan officer is to finds potential clients who need capital injection and assists them in acquiring loans.

Tax prepares help their clients in examining their tax report in other to find out the items that can be used as tax returns.