Solution-After the accounts have been adjusted at july 31

After the accounts have been adjusted at july 31

Reference no: EM131121967

After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Rabbit Delivery Services Co.:

Sherry Kerney, Capital $730,000
Sherry Kerney, Drawing 20,000
Fees Earned 515,000
Wages Expense 480,000
Rent Expense 75,000
Supplies Expense 12,100
Miscellaneous Expense 4,000

Journalize the four entries required to close the accounts.

Reference no: EM131121967

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After the accounts have been adjusted at july 31

Reference no: EM131121967

Reference no: EM131121967

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