After the accounts have been adjusted at October 31, the end of the fiscal year, the following
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Retained Earnings $ 800,000
Dividends 125,000
Fees Earned 700,000
Wages Expense 400,000
Rent Expense 75,000
Supplies Expense 16,000
Miscellaneous Expense 5,000
Journalize the four entries required to close the accounts.
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Oct 31 Fees Earned 700000 Income Summary 700000 31 Income S...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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