Closing Entries

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	$280,950
Oscar Killingsworth, Drawing	39,000
Fees Earned	390,310
Wages Expense	302,100
Rent Expense	72,500
Supplies Expense	27,190
Miscellaneous Expense	9,065

Journalize the two entries required to close the accounts.

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

Apr. 30	Accounts Payable Accounts Receivable Cash Oscar Killingsworth, Capita lOscar Killingsworth, Drawing	- Select -	- Select -
	Accounts Payable Accounts Receivable Cash Fees Earned Oscar Killingsworth, Drawing	- Select -	- Select -
	Accounts Payable Cash Rent Payable Fees Earned Wages Expense	- Select -	- Select -
	Accounts Payable Accounts Receivable Rent Payable Oscar Killingsworth, Capital Rent Expense	- Select -	- Select -
	Accounts Payable Cash Oscar Killingsworth, Capital Fees Earned Supplies Expense	- Select -	- Select -
	Accounts Payable Accounts Receivable Rent Payable Fees Earned Miscellaneous Expense	- Select -	- Select -
Apr. 30	Accounts Payable Fees Earned Oscar Killingsworth, Capital Oscar Killingsworth, Drawing Rent Expense	- Select -	- Select -
	Accounts Payable Fees Earned Oscar Killingsworth, Capital Oscar Killingsworth, Drawing Rent Expense	- Select -	- Select -