Regina Services Co. offers its services to individuals desiring to improve their mental state. After the accounts

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Regina Services Co. offers its services to individuals desiring to improve their mental state. After the accounts have been adjusted at December 31, the following balances were taken from the ledger of Regina Services Co.

Journalize the three entries required to close the accounts, closing directly to the capital account.

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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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Question Posted: Sep 15, 2015 01:44 AM

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Regina Services Co. offers its services to individuals desiring to improve their mental state. After the accounts

Question:

Regina Schuhmann, Capal $340,000 Regina Schuhmann, Withdrawals 25,000 Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $42,000 10,000 A,800 198,000 170.000

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Fees Earned 198000 Regina Schuhmann Capital 198000 Closing revenue ...View the full answer

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