After the accounts were adjusted at January 31, 2010, the end of the fiscal year, the following balances were taken from the ledger of Taylor Pool Service Company: Capital Stock Retained Earnings $ 20,000 115,000 Dividends 5,000 Fees Earned 116,400 Wages Expense 29,000 Rent Expense 43,000 Supplies Expense 7,300 1,750 Miscellaneous Expense Journalize the four entries required to close the accounts.
After the accounts were adjusted at January 31, 2010, the end of the fiscal year, the following balances were taken from the ledger of Taylor Pool Service Company: Capital Stock Retained Earnings $ 20,000 115,000 Dividends 5,000 Fees Earned 116,400 Wages Expense 29,000 Rent Expense 43,000 Supplies Expense 7,300 1,750 Miscellaneous Expense Journalize the four entries required to close the accounts.
Chapter1: Financial Statements And Business Decisions
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