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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