Ch 4-2 Practice Exercises eBook Show Me How Print Item 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 Nuclear Landscaping Co.: Felix Godwin, Capital Felix Godwin, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 1. PE.04-01A 2. PE.04-02 ALGO $328,950 36,000 425,440 322,500 77,400 29,025 9,675 3. PE.04-03A 4. PE-04-04-ALGO 5. PE.04-05A Journalize the two entries required to close the accounts For a compound transaction, if an amount box does not require an entry, leave it blank. Cash x 425,400 X Fees Earned Wages Expense Rent Expense Supplies Expense V Miscellaneous Expense 425,400 | Х 322,500 | Х 77,400 X 9,025 X 9,675X Apr. 30 Felix Godwin, Drawing x 36,000 V Felix Godwin, Capital x 474,600 | Х Feedback Check My ork 1 more Check My Work uses remaining Previous Next Progress: 4/5 items Assignment Score: 63.86% All work saved Email InstructorSave and Exit Submit Assignment for Grading

Ch 4-2 Practice Exercises eBook Show Me How Print Item 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 Nuclear Landscaping Co.: Felix Godwin, Capital Felix Godwin, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 1. PE.04-01A 2. PE.04-02 ALGO $328,950 36,000 425,440 322,500 77,400 29,025 9,675 3. PE.04-03A 4. PE-04-04-ALGO 5. PE.04-05A Journalize the two entries required to close the accounts For a compound transaction, if an amount box does not require an entry, leave it blank. Cash x 425,400 X Fees Earned Wages Expense Rent Expense Supplies Expense V Miscellaneous Expense 425,400 | Х 322,500 | Х 77,400 X 9,025 X 9,675X Apr. 30 Felix Godwin, Drawing x 36,000 V Felix Godwin, Capital x 474,600 | Х Feedback Check My ork 1 more Check My Work uses remaining Previous Next Progress: 4/5 items Assignment Score: 63.86% All work saved Email InstructorSave and Exit Submit Assignment for Grading

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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