After the accounts have been adjusted at April 30, the end of the fiscal year, the following
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Felix Godwin, Capital .................. $643,600
Felix Godwin, Drawing ................ 10,500
Fees Earned ............................. 356,500
Wages Expense .......................... 283,100
Rent Expense ............................. 56,000
Supplies Expense ......................... 11,500
Miscellaneous Expense .................. 13,000
Journalize the two entries required to close the accounts.
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Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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