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 Twin Trees Landscaping C   Oscar Killingsworth, 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 Twin Trees Landscaping C

Oscar Killingsworth, Capital ........................................................................$503,900

Oscar Killingsworth, Drawing .....................................................................$8,200

Fees Earned ........................................................................................................$279,100

Wages Expense ................................................................................................$221,600

Rent Expense ....................................................................................................$43,800

Supplies Expense ............................................................................................$9,000

Miscellaneous Expense ...............................................................................$10,200

Journalize the two entries required to close the accounts.