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Category > Accounting Posted 26 Sep 2017 My Price 3.00

Silver Gate Delivery Services Co.

PE 4-4A Closing entries

After the accounts have been adjusted at October 31, the end of the fiscal year, the following balances were taken from the ledger of Silver Gate Delivery Services Co.:

Mira Craig, Capital

$800,000

Mira Craig, Drawing

125,000

Fees Earned

700,000

Wages Expense

400,000

Rent Expense

75,000

Supplies Expense

16,000

Miscellaneous Expense

5,000

Journalize the four entries required to close the accounts.

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 02:09 PM My Price 3.00

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