After the accounts have been adjusted at January 31, the end of the fiscal year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Retained Earnings $360,510 Dividends 6,160 Fees Earned 126,050 Wages Expense 41,480 Rent Expense 13,680 Supplies Expense 15,000 Miscellaneous Expense 1,310 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31

After the accounts have been adjusted at January 31, the end of the fiscal year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Retained Earnings $360,510 Dividends 6,160 Fees Earned 126,050 Wages Expense 41,480 Rent Expense 13,680 Supplies Expense 15,000 Miscellaneous Expense 1,310 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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