After the accounts have been adjusted at January 31, the end of the fiscal year, the...

 

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After the accounts have been adjusted at January 31, the end of the fiscal year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $360,690 6,020 123,190 43,970 13,460 14,580 2,110 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles. 1 2 3 4 5 6 7 8 DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY After the accounts have been adjusted at January 31, the end of the fiscal year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $360,690 6,020 123,190 43,970 13,460 14,580 2,110 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles. 1 2 3 4 5 6 7 8 DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

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Here are the journal entries required to close the accounts for Harrisons Dog Walking Service Compan... View the full answer