Question

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 $318,490 Felix Godwin, Drawing 38,000 Fees Earned 381,030 Wages Expense 294,900 Rent Expense 70,800 Supplies Expense 26,540 Miscellaneous Expense 8,845 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.

Answer 1

Answer:

Explanation:

Apr-30

Dr Felix Godwin, Capital 20,055

Dr Fees earned 381,030

    Cr Wages expense 294,900

    Cr Rent expense 70,800

    Cr Supplies expense 26,540

    Cr Miscellaneous expense 8,845

Apr-30

Dr Felix Godwin, Capital 38,000

   Cr Felix Godwin, Drawing 38,000