Closing enteries After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Twin Trees Landscaping Co.:

Oscar Killingsworth, Capital	$642,820
Oscar Killingsworth, Drawing	45,000
Fees Earned	523,425
Wages Expense	396,800
Rent Expense	95,200
Supplies Expense	35,710
Miscellaneous Expense	11,905

Journalize the two entries required to close the accounts.

If an amount box does not require an entry, leave it blank.