Question: Hello, Can someone please let me know how do I get the Capital balance please see the picture you'll see the one I got wrong....
Hello,
Can someone please let me know how do I get the Capital balance please see the picture you'll see the one I got wrong....
April 30 Felix Godwin, Capital ??

Closing Entries After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Nuclear Landscaping Co.: $284,600 Felix Godwin, Capital Felix Godwin, Drawing 44,000 Fees Earned 334,720 256,400 Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 61,500 23,075 7,690 Journalize the two entries required to close the accounts. For a compound transaction, if an amount box does not require an entry, leave it blank. Apr. 30 Felix Godwin, Capital Fees Earned 334,720 Wages Expense 256,400 Rent Expense 61,500 Supplies Expense 23,075 Miscellaneous Expense 7,690 Apr. 30 Felix Godwin, Capital 44,000 Felix Godwin, Drawing 44,000
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