After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Bollinger Services Co.: Retained Earnings $398,880 Dividends 38,000 Fees Earned 406,880 Wages Expense 277,000 Rent Expense 66,500 Supplies Expense 24,930 Miscellaneous Expense 8,310 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank.

After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Bollinger Services Co.: Retained Earnings $398,880 Dividends 38,000 Fees Earned Wages Expense Rent Expense 406,880 277,000 66,500 24,930 8,310 Supplies Expense Miscellaneous Expense Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Nov. 30