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Closing entries After the accounts have been adjusted at June 30, the end of the fiscal year, the following balances were taken from the ledger
Closing entries After the accounts have been adjusted at June 30, the end of the fiscal year, the following balances were taken from the ledger of Classic Landscaping Services: Bashir Yousif, Capital $1,100,000 30,000 Bashir Yousif, Drawing Fees Earned 975,000 580,000 120,000 31,600 12,400 Wages Expense Rent Expense Supplies Expense Miscellaneous Expense Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank June 30 Fees Earned Wages Expense Rent Expense Supplies Expense Fr Miscellaneous Expense Bashir Yousif, Capital June 30 Bashir Yousif, Drawing Bashir Yousif, Drawing - X 580,000 X 120,000 X 31,600 X 12.400 X 30,000 X 975.000 X 00
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