After the accounts have been adjusted on 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 $361,240 7,560 Dividends 131,740 45,070 13,710 14,360 2,030 Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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After the accounts have been adjusted on 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
$361,240
7,560
Dividends
131,740
45,070
13,710
14,360
2,030
Fees Earned
Wages Expense
Rent Expense
Supplies Expense
Miscellaneous Expense
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
Transcribed Image Text:After the accounts have been adjusted on 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 $361,240 7,560 Dividends 131,740 45,070 13,710 14,360 2,030 Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 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
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