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journal after the accounts have been adjusted at December 31, the end of the fiscal year,...

journal after the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.

Kerry Buckner, capital. 9,556,300
Kerry Buckner, drawing. 80,000
Fees earned 1,878,400
Wages expense. 1,415,500
Rent expense. 125,000
Supplies Expense 30,000
Miscellaneous expense. 22,100

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Answer #1
Journal entries
No. ACCOUNT TITLES AND EXPLANATIONS DEBIT ($) CREDIT ($)
1 Fees earned 1,878,400.00
Wages expense     1,415,500.00
Rent expense       125,000.00
Supplies Expense         30,000.00
Miscellaneous expense         22,100.00
Kerry Buckner, capital       285,800.00
2 Kerry Buckner, capital       80,000.00
Kerry Buckner, drawing         80,000.00
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