After the Accounts Have Been Adjusted at January 31, the End

question 166

Essay

After the accounts have been adjusted at January 31, the end of the fiscal year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: ​
Journalize the two entries required to close the accounts
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Definitions:

Combine

To join two or more items together to form a single entity or to merge separate elements into a cohesive whole.

Simplify

The process of writing an expression in a more compact or simplified form without changing its value, by performing all possible operations and reducing complexity.

Missing Factor

Refers to an unknown quantity in multiplication that, when multiplied with a known quantity, yields a given product.

Fill In

A phrase often used in education and testing to describe a task where the respondent must complete or provide missing information.