Mathematics

21 May, 19:30

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 Services Co.:

Kerry Buckner, Capital. $9,556,300

Kerry Buckner, Drawing 80,000

Wages Expense 1,878,400

Rent Expense 1,415,500

Supplies Expense 125,000

Fees Earned 30,600

Miscellaneous Expense 22,100

Journalize the two entries required to close the accounts.

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