Imex Services Co. offers its services to individuals desiring to improve their personal images. After the accounts
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Imex Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at March 31, the end of the fiscal year, the following balances were taken from the ledger of Imex Services Co.
Margo Hoskins, Capital .......$300,000
Margo Hoskins, Drawing ........ 15,000
Fees Earned .......................... 180,000
Wages Expense ...................... 90,000
Rent Expense ........................ $40,000
Supplies Expense .................... 20,000
Miscellaneous Expense .............. 7,500
Journalize the four entries required to close the accounts.
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