After the accounts have been adjusted at December 31, the end of the fiscal year, the following
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Question:
After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of pioneer delivery service co. :
- Kerry Buckner, capital, 8,566,300
- Kerry Buckner, drawing 80,000
- fees earned 1,878,400
- wages expense 1,415,500
- rent expense 125,000
- supplies expense 30,600
- miscellaneous expense 22,100
Journalize the two entries required to close the account
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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