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After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $362,820 Harrison Taylor, Drawing 12,570 Fees Earned 137,590 Wages Expense 40,910 Rent Expense 16,630 Supplies Expense 15,660 Miscellaneous Expense 1,570 Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan, 31

After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $362,820 Harrison Taylor, Drawing 12,570 Fees Earned 137,590 Wages Expense 40,910 Rent Expense 16,630 Supplies Expense 15,660 Miscellaneous Expense 1,570 Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan, 31

FINANCIAL ACCOUNTING
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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After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $362,820 Harrison Taylor, Drawing 12,570 Fees Earned 137,590 Wages Expense 40,910 Rent Expense 16,630 Supplies Expense 15,660 Miscellaneous Expense 1,570 Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31
Transcribed Image Text:After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $362,820 Harrison Taylor, Drawing 12,570 Fees Earned 137,590 Wages Expense 40,910 Rent Expense 16,630 Supplies Expense 15,660 Miscellaneous Expense 1,570 Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31
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