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After the accounts have been adjusted at March 31, the end of the fiscal year, the following balances were taken from the ledger of Bollinger
After the accounts have been adjusted at March 31, the end of the fiscal year, the following balances were taken from the ledger of Bollinger Services Co Retained Earnings Dividends Fees Earned Wages Expense Rent Expense $816,660 39,000 703,430 453,700 108,900 40,835 13,610 Supplies Expense Miscellaneous Expense Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank Nov. 30 Fees Farned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense Retained Earnings 453,700 10,900 40,835 11,610 Nov. 30 Retained Earnings Dividends 88
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