After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $352,900 Harrison Taylor, Drawing 12,230 Fees Earned 122,370 Wages Expense 44,230 Rent Expense 15,710 Supplies Expense 15,800 Miscellaneous Expense 2,420 Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31

Question

Anabella Francis

Business

8 November, 02:05

After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $352,900 Harrison Taylor, Drawing 12,230 Fees Earned 122,370 Wages Expense 44,230 Rent Expense 15,710 Supplies Expense 15,800 Miscellaneous Expense 2,420 Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31

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Zachary Patrick · Answer 1

Below are the amount required to close the account of Harrison's Dog Walking Service Company:

Journal entries

Jan 31

Fees earned No entries

Dr wages expenses $44,230

Cr Rent Expense $15,710

Cr Supplies Expense $15,800

Cr Miscellaneous Expense $2,420

Harrison Taylor capital No entries

Jan 31

Harrison Taylor capital No entries

Harrison Taylor drawing No entries