After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Magenta Delivery Services Co.:

Ellie Liu, Capital	$8,366,300
Ellie Liu, Drawing	$70,000
Fees Earned	$1,644,500
Wages Expense	$1,239,200
Rent Expense	$109,400
Supplies Expense	$26,800
Miscellaneous Expense	$19,300

Journalize the two entries required to close the accounts.