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 $532,090 Felix Godwin, Drawing 48,000 Fees Earned 399,260 Wages Expense 305,800 Rent Expense 73,400 Supplies Expense 27,520 Miscellaneous Expense 9,175 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 W Apr. 30 I Previous Next >