Instructions Ater the accounts have been adjusted at Apnii 30, the end of the ts
ID: 2333884 • Letter: I
Question
Instructions Ater the accounts have been adjusted at Apnii 30, the end of the tsca year, the toloning balances were taven from the ledger of Nudear Landscaping Co. Retained Earring Dividends Fees Earned Weges Expense Rert Expense Supplies Expense Miscellaneous Expense $3,484,000 30,000 1,254.000 748200 64.400 13250 8950 oumakethe tor enties requded to ce e aconihe Chatr Accounts tor exat wordling of acoont ae CHART OF ACCOUNTS Joumnevice tho foor gntries quired to close the accounta Refer o the Chat of Acpounts for exadf wort ing of accont fifles Nuclear Landscaping Co General Ledger ASSETS REVENUE 11 Cosh 12 Accounts Recevatie 13 Supplies 14 Propeid Rent 15 Land 41 Fees Earned EXPENSES 51 Wages Expense 52 Rent Expense 3 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payatle 22 Unearnad Fees 23 Weges Payabls RGE 11 JOURNA ACCOUNTING EQUATION POST PE CRENT IABILITIES EQUITY losing Entries EQUITY 31 Common Stock 32 Retaned Earrings 33 Dividends 34 Income Summary 12Explanation / Answer
Journal Accounting Equation S.no. Date Description Debit Credit Assets Liabilities Equity 1 30-Apr Fees earned Dr. 1254000 Income Summary 1254000 2 30-Apr Income Summary Dr. 834800 Wages expnses 748200 Rent expenses 64400 Supplies expenses 13250 Misc expenses 8950 3 30-Apr Income Summary Dr, 419200 Retained earnings 419200 419200 4 Retained earnings Dr. 36000 Dividend account 36000 -36000