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Please explain how I get Capital. Nice explanation please Closing Entries After the accounts have been adjusted at April 30, the end of the fiscal
Please explain how I get Capital. Nice explanation please
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 Felix Godwin, Draing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $946,110 39,000 620,980 470,700 113,000 42,365 14,120 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 Felix Godwin, Capitsl 315,37CX Fees Earned 620,980 Wages Rent Expense/ Supplies Expense Miscellaneous Expens 470,700 113,000 V 42,365 14,120 Apr. 30 Felix Godwin, Capitsl 946,110X Felix Godwin, Drawing 39,000Step by Step Solution
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