=+PE 4-5A Closing entries obj. 3 After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Rabbit Delivery Services Co.:

Sherry Kerney, Capital $730,000 Sherry Kerney, Drawing 20,000 Fees Earned 515,000 Wages Expense 480,000 Rent Expense 75,000 Supplies Expense 12,100 Miscellaneous Expense 4,000 Journalize the four entries required to close the accounts.