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 DogWalking Service Company:Harrison Taylor, Capital$358,74013,470Harrison Taylor, DrawingFees Earned128,350Wages Expense40,080Rent Expense13,460Supplies Expense15,860Miscellaneous Expense2,180Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank.Jan. 31Jan. 31

All the nominal accounts like revenue and expenses are closed to calculate the net income where real…

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 Harrison Taylor, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense $358,740 13,470 128,350 40,080 13,460 15,860 Miscellaneous Expense 2,180 Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31

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 Harrison Taylor, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense $358,740 13,470 128,350 40,080 13,460 15,860 Miscellaneous Expense 2,180 Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Jan. 31

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 13PA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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