After tha accounts Have,. been adjusted at MAY 31, the end of the fiscal year, the following balances were taken from the ledger of Reap Business Inc.

James Reap, Capital	$800,000
James Reap, Drawing	125,000
Fees earned	750,000
Wages expense	400,000
Rent expense	75,000
Supplies expense	16,000
Miscellaneous expense	5,000

Journalize the closing entries necessary to close out all temperary accounts. Not all lines may be used.

DATE		Debit	Credit
5/31
5/31