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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
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 $913,720 Oscar Killingsworth, Drawing 32,000 Fees Earned 572,595 Wages Expense 447,900 Rent Expense 107,500 Supplies Expense 40,310 Miscellaneous Expense 13,435 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Apr. 30 Oscar killingsworth, Capital 31,620 X Fees Earned 572,595 Wages Expense 447,900 Rent Expense 107,500 Supplies Expense 40,310 Miscellaneous Expense 13,435
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