journalize the four entries required to close the accounts 551302
PE 4-4B 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 Hillcrest Landscaping Co.:
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journalize the four entries required to close the accounts 551302
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|
Bryan Orr, Capital |
$275,000 |
|
Bryan Orr, Drawing |
25,000 |
|
Fees Earned |
400,000 |
|
Wages Expense |
280,000 |
|
Rent Expense |
40,000 |
|
Supplies Expense |
3,000 |
|
Miscellaneous Expense |
12,000 |
Journalize the four entries required to close the accounts.
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