Closing Entries After the accounts have been adjusted at April 30, the end of the...
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Accounting
Closing Entries
After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Nuclear Landscaping Co.:
Felix Godwin, Capital
$685,260
Felix Godwin, Drawing
39,000
Fees Earned
558,000
Wages Expense
423,000
Rent Expense
101,500
Supplies Expense
38,070
Miscellaneous Expense
12,690
Journalize the two entries required to close the accounts.
For a compound transaction, if an amount box does not require an entry, leave it blank.
Apr. 30
Apr. 30
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