Closing entries OBJ. 3 After the accounts have been adjusted at October 31, the end of the fiscal year, the following balances were taken from the ledger of Smart Delivery Services Co.:

Retained Earnings $3,550,000 Dividends 40,000 Fees Earned 1,145,000 Wages Expense 740,000 Rent Expense 65,000 Supplies Expense 14,750 Miscellaneous Expense 8,800 Journalize the four entries required to close the accounts.