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 Nuclear Landscaping Co.:

Felix Godwin, Capital	$685,260
Felix Godwin, Drawing	39,000
Fees Earned	558,000
Wages Expense	423,000
Rent Expense	101,500
Supplies Expense	38,070
Miscellaneous Expense	12,690

Journalize the two entries required to close the accounts.

For a compound transaction, if an amount box does not require an entry, leave it blank.

Apr. 30
Apr. 30