ssiontocator-assignment-takei .ntse Show Me How Calculator · Chart of Accounts A

Question

ssiontocator-assignment-takei .ntse Show Me How Calculator · Chart of Accounts After the accounts have been adjusted at April 30, the end of the fiscal year, the folowing balances were taken from the ledger of Nuclear Landscaping Co CHART OF ACCOUNTS Nuclear Landscaping Co. General Ledger Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $643,800 10,500 356.500 283,100 56,000 11.500 13.000 ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Rent 15 Land REVENUE 41 Fees Earned EXPENSES 51 Wages Expense 52 Rent Expense 83 Supplies Experse 50 Miscelaneoue Expense LIABILITIES 21 Accounts Payable 22 Unearned Foes 23 Wages Payable Journalize the four entries required to olose the accounts Refer to the Chart of Accounts for exact wording of account titles EQUITY 31 Common Stock 32 Retained Earnings 33 Div dends 34 Income Summary

Explanation / Answer

Date General Journal Debit Credit April 30 Fees Earned $356,500 Income Summary $356,500 April 30 Income Summary $363,600 Wages Expense $283,100 Rent Expense $56,000 Supplies Expense $11,500 Miscellaneous Expense $13,000 April 30 Retained Earnings $7,100 Income Summary $7,100 April 30 Retained Earnings $10,500 Dividends $10,500

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