Grande Services Co. offers its services to individuals desiring to improve their personal images. After the accounts

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Grande Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Grande Services Co.

Journalize the four entries required to close theaccounts.

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Corporate Financial Accounting

ISBN: 978-1133952411

12th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Feb 28, 2014 06:50 AM

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Grande Services Co. offers its services to individuals desiring to improve their personal images. After the accounts

Question:

Retained Earnings Dividends Fees Earned Wages Expense $842,500 Rent Expense 54,000 14,300 45,000 Supplies Expense 337,900 Miscellaneous Expense 16,200 277,500

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Closing Entries July 31 Fees Earned 337900 Income Summar...View the full answer

Corporate Financial Accounting

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