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Journalize the two entries required to close the accounts

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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 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

Required - Journalize the two entries required to close the accounts.

Reference no: EM133019733

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