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	$3,513,000
Kerry Buckner, Drawing	42,500
Fees Earned	1,324,000
Wages Expense	749,100
Rent Expense	68,800
Supplies Expense	14,600
Miscellaneous Expense	7,350

Required:

Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles.