Fiscal year, After the accounts have been adjusted at

Fiscal year

Reference no: EM13914227

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

Fraser Smart, Capital	$3,550,000
Fraser Smart, Drawing	40,000
Fees Earned	1,145,000
Wages Expense	740,000
Rent Expense	65,000
Supplies Expense	14,750
Miscellaneous Expense	8,800

Journalize the four entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 11

GENERAL JOURNAL

	DATE	ACCOUNT TITLE	POST. REF.	DEBIT	CREDIT
1		Closing Entries
2
3
4
5
6
7
8
9
10
11
12

Reference no: EM13914227

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Fiscal year

Reference no: EM13914227

Reference no: EM13914227

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