Dave Ryan is the owner and operator of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $642,720 and liabilities of $245,830. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31 of the current year. $fill in the blank 1 b. Owner's equity as of December 31 at the end of the next year, assuming that assets increased by $87,050 and liabilities increased by $18,540 during the year. $fill in the blank 2

1. 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	$518,620
   Oscar Killingsworth, Drawing	47,000
   Fees Earned	465,440
   Wages Expense	352,800
   Rent Expense	84,700
   Supplies Expense	31,750
   Miscellaneous Expense	10,585

   Journalize the two entries required to close the accounts.

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

   Apr. 30		fill in the blank 2	fill in the blank 3
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   		fill in the blank 8	fill in the blank 9
   		fill in the blank 11	fill in the blank 12
   		fill in the blank 14	fill in the blank 15
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   Apr. 30		fill in the blank 20	fill in the blank 21
   		fill in the blank 23	fill in the blank 24