Homework Help is Here – Start Your Trial Now!
Business
Accounting
Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $700,350 45,000 756,565 496,700 119,200 44,705 14,900 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Nov. 30 Fees Earned Wages Expense Nov. 30 Rent Expense Supplies Expense Dividends 700,350 X 496,700 119,200 44,705 X 45,000 X X 14,900 X Miscellaneous Expense ☐☐

Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $700,350 45,000 756,565 496,700 119,200 44,705 14,900 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Nov. 30 Fees Earned Wages Expense Nov. 30 Rent Expense Supplies Expense Dividends 700,350 X 496,700 119,200 44,705 X 45,000 X X 14,900 X Miscellaneous Expense ☐☐

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $700,350 45,000 756,565 496,700 119,200 44,705 14,900 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Nov. 30 Fees Earned Wages Expense Nov. 30 Rent Expense Supplies Expense Dividends 700,350 X 496,700 119,200 44,705 X 45,000 X X 14,900 X Miscellaneous Expense ☐☐
Transcribed Image Text:Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $700,350 45,000 756,565 496,700 119,200 44,705 14,900 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Nov. 30 Fees Earned Wages Expense Nov. 30 Rent Expense Supplies Expense Dividends 700,350 X 496,700 119,200 44,705 X 45,000 X X 14,900 X Miscellaneous Expense ☐☐
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS