After all adjusting entries have been made on December 31, the end of the year, the...
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After all adjusting entries have been made on December 31, the end of the year, the following balances are taken from the ledger of Luna Service Company: Luna, Capital Luna, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $349,000 8,000 120,600 44,000 27,000 7,300 4,700 Journalize the two entries required to close the accounts After all adjusting entries have been made on December 31, the end of the year, the following balances are taken from the ledger of Luna Service Company: Luna, Capital Luna, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $349,000 8,000 120,600 44,000 27,000 7,300 4,700 Journalize the two entries required to close the accounts
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