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	$641,420
Oscar Killingsworth, Drawing	33,000
Fees Earned	493,255
Wages Expense	381,800
Rent Expense	91,600
Supplies Expense	34,360
Miscellaneous Expense	11,455

Journalize the two entries required to close the accounts.

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

Apr. 30	Accounts PayableAccounts ReceivableCashOscar Killingsworth, CapitalOscar Killingsworth, DrawingOscar Killingsworth, Capital	Oscar Killingsworth, Capital	Oscar Killingsworth, Capital
	Accounts PayableAccounts ReceivableCashFees EarnedOscar Killingsworth, Drawing	- Select -	- Select -
	Accounts PayableCashRent PayableFees EarnedWages Expense	- Select -	- Select -
	Accounts PayableAccounts ReceivableRent PayableOscar Killingsworth, CapitalRent Expense	- Select -	- Select -
	Accounts PayableCashOscar Killingsworth, CapitalFees EarnedSupplies Expense	- Select -	- Select -
	Accounts PayableAccounts ReceivableRent PayableFees EarnedMiscellaneous Expense	- Select -	- Select -
Apr. 30	Accounts PayableFees EarnedOscar Killingsworth, CapitalOscar Killingsworth, DrawingRent Expense	- Select -	- Select -
	Accounts PayableFees EarnedOscar Killingsworth, CapitalOscar Killingsworth, DrawingRent Expense	- Select -	- Select -