After the accounts have been adjusted at October 31, the end of the fiscal year, the following
Question:
Lisa Jordon, Capital ........... $318,500
Lisa Jordon, Drawing .......... 36,000
Fees Earned ............. 475,150
Wages Expense ............. 390,000
Rent Expense ............. 85,000
Supplies Expense ........... 38,350
Miscellaneous Expense ......... 12,675
Journalize the four entries required to close the accounts.
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Oct 31 Fees Earned 475150 Income Summary 475150 31 Income Su...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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