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Journalize the two entries required to close the accounts

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Reference no: EM133115765

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.

Reference no: EM133115765

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