Business: 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 Twin Trees Landscaping Co.: Oscar Killingsworth, Capital $503,900 Oscar Killingsworth, Drawing 8,200 Fees Earned 279,100 Wages Expense 221,600 Rent Expense 43,800 Supplies Expense 9,000 Miscellaneous Expense 10,200 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank.

Closing Entries After the accounts have been adjusted

niescarlosj

08.04.2021

Dr Income summary 284,600

Cr Wages Expense 221,600

Cr Rent Expense 43,800

Cr Supplies Expense 9,000

Cr Miscellaneous Expense 10,200

Dr Fees earned 279,100

Cr Income summary 279,100

Dr Oscar Killingsworth, Capital 5,500

Cr Income summary 5,500

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ValeryGi3721

11.10.2021

Cool beans .

period.

Yes

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