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 Haverty Services Co.: Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $538,200 42,000 578,135 390,000 93,600 35,100 11,700 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. May 31
After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Haverty Services Co.: Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank
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