Solution-Journalize the four entries required to close the

Journalize the four entries required to close the accounts

Reference no: EM131121961

1. After the account have been adjusted at November 30, the end of the fiscal year, the following balances were taken from the ledger of Pond Landscaping Co.:

Brett Maxim, Capital $978,500
Brett Maxim, Drawing 50,000
Fees Earned 779,000
Wages Expense 389,000
Rent Expense 60,000
Supplies Expense 7,200
Miscellaneous Expense 11,400

Journalize the four entries required to close the accounts.

Reference no: EM131121961

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Journalize the four entries required to close the accounts

Reference no: EM131121961

Reference no: EM131121961

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