Closing Entries After the accounts have been adjusted at May 31, the end of the...
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Accounting
Closing Entries After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Beautifying Landscaping Co.: Retained Earnings $517,970 Dividends 33,000 Fees Earned 542,975 Wages Expense 359,700 Rent Expense 86,300 Supplies Expense 32,375 Miscellaneous Expense 10,790 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Nov. 30 Nov. 30
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