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Ch 4-2 Practice Exercises eBook Show Me How Print Item 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 Nuclear Landscaping Co.: Felix Godwin, Capital Felix Godwin, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 1. PE.04-01A 2. PE.04-02 ALGO $328,950 36,000 425,440 322,500 77,400 29,025 9,675 3. PE.04-03A 4. PE-04-04-ALGO 5. PE.04-05A Journalize the two entries required to close the accounts For a compound transaction, if an amount box does not require an entry, leave it blank. Cash x 425,400 X Fees Earned Wages Expense Rent Expense Supplies Expense V Miscellaneous Expense 425,400 | Х 322,500 | Х 77,400 X 9,025 X 9,675X Apr. 30 Felix Godwin, Drawing x 36,000 V Felix Godwin, Capital x 474,600 | Х Feedback Check My ork 1 more Check My Work uses remaining Previous Next Progress: 4/5 items Assignment Score: 63.86% All work saved Email InstructorSave and Exit Submit Assignment for Grading

Ch 4-2 Practice Exercises eBook Show Me How Print Item 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 Nuclear Landscaping Co.: Felix Godwin, Capital Felix Godwin, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 1. PE.04-01A 2. PE.04-02 ALGO $328,950 36,000 425,440 322,500 77,400 29,025 9,675 3. PE.04-03A 4. PE-04-04-ALGO 5. PE.04-05A Journalize the two entries required to close the accounts For a compound transaction, if an amount box does not require an entry, leave it blank. Cash x 425,400 X Fees Earned Wages Expense Rent Expense Supplies Expense V Miscellaneous Expense 425,400 | Х 322,500 | Х 77,400 X 9,025 X 9,675X Apr. 30 Felix Godwin, Drawing x 36,000 V Felix Godwin, Capital x 474,600 | Х Feedback Check My ork 1 more Check My Work uses remaining Previous Next Progress: 4/5 items Assignment Score: 63.86% All work saved Email InstructorSave and Exit Submit Assignment for Grading

Accounting
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter4: Completing The Accounting Cycle
Section: Chapter Questions
Problem 4.3BPR: T accounts, adjusting entries, financial statements, and closing entries; optional end-of-period...
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Hi, I'm stuck on this homework problem. I tried it once and used the Check my Work tool but it says its incorrect. Can you please help me to see where I went wrong and explain how to get the values? I thought I had them correct but I'm completely lost now.

Ch 4-2 Practice Exercises eBook Show Me How Print Item 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 Nuclear Landscaping Co.: Felix Godwin, Capital Felix Godwin, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 1. PE.04-01A 2. PE.04-02 ALGO $328,950 36,000 425,440 322,500 77,400 29,025 9,675 3. PE.04-03A 4. PE-04-04-ALGO 5. PE.04-05A Journalize the two entries required to close the accounts For a compound transaction, if an amount box does not require an entry, leave it blank. Cash x 425,400 X Fees Earned Wages Expense Rent Expense Supplies Expense V Miscellaneous Expense 425,400 | Х 322,500 | Х 77,400 X 9,025 X 9,675X Apr. 30 Felix Godwin, Drawing x 36,000 V Felix Godwin, Capital x 474,600 | Х Feedback Check My ork 1 more Check My Work uses remaining Previous Next Progress: 4/5 items Assignment Score: 63.86% All work saved Email InstructorSave and Exit Submit Assignment for Grading
Transcribed Image Text:Ch 4-2 Practice Exercises eBook Show Me How Print Item 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 Nuclear Landscaping Co.: Felix Godwin, Capital Felix Godwin, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 1. PE.04-01A 2. PE.04-02 ALGO $328,950 36,000 425,440 322,500 77,400 29,025 9,675 3. PE.04-03A 4. PE-04-04-ALGO 5. PE.04-05A Journalize the two entries required to close the accounts For a compound transaction, if an amount box does not require an entry, leave it blank. Cash x 425,400 X Fees Earned Wages Expense Rent Expense Supplies Expense V Miscellaneous Expense 425,400 | Х 322,500 | Х 77,400 X 9,025 X 9,675X Apr. 30 Felix Godwin, Drawing x 36,000 V Felix Godwin, Capital x 474,600 | Х Feedback Check My ork 1 more Check My Work uses remaining Previous Next Progress: 4/5 items Assignment Score: 63.86% All work saved Email InstructorSave and Exit Submit Assignment for Grading
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