Chapter 4 Completing the Accounting Cycle (4)

After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Trash Services Co.:

Retained Earnings $3,550,000

Dividends 40,000

Fees Earned 1,145,000

Wages Expense 740,000

Rent Expense 65,000

Supplies Expense 14,750

Miscellaneous Expense 8,800

Journalize the four entries required to close the temporary accounts