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automation services Co. offers its services to companies desiring to use technology to imporve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: fees earned - $614,500 dividends - $45,000 rent expense - $140,000 retained earnings - $3,250,000 supplies expense - $18, 200 wages expense - $320, 000 miscellaneous expense - $8,700 journalize the closing entries

automation services Co. offers its services to companies desiring to use technology to imporve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: fees earned - $614,500 dividends - $45,000 rent expense - $140,000 retained earnings - $3,250,000 supplies expense - $18, 200 wages expense - $320, 000 miscellaneous expense - $8,700 journalize the closing entries

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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am. 113.

automation services Co. offers its services to companies desiring to use technology to imporve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: fees earned - $614,500 dividends - $45,000 rent expense - $140,000 retained earnings - $3,250,000 supplies expense - $18, 200 wages expense - $320, 000 miscellaneous expense - $8,700 journalize the closing entries
Transcribed Image Text:automation services Co. offers its services to companies desiring to use technology to imporve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: fees earned - $614,500 dividends - $45,000 rent expense - $140,000 retained earnings - $3,250,000 supplies expense - $18, 200 wages expense - $320, 000 miscellaneous expense - $8,700 journalize the closing entries
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