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Question - 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 $328,510
Oscar Killingsworth, Drawing 42,000
Fees Earned 442,095
Wages Expense 342,200
Rent Expense 82,100
Supplies Expense 30,800
Miscellaneous Expense 10,265
Required - Journalize the two entries required to close the accounts.
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