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33. Closing Entries After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the

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33. Closing Entries After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Marcy Delivery Services Co Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellancous Expense the fical year, the followving $1,400,000 55,000 880,000 524,000 80,000 16,000 9,000 Journalize the four entries required to close the accounts For a compound transaction, if an amount box does not require an entry, leave it blank Aug. 31 Close revenues Page 3 6a+

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