The end of the fiscal year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company:

Line Item Description Amount

Retained Earnings $$348,500$

Dividends $5,370$

Fees Earned $134,670$

Wages Expense $43,250$

Rent Expense $15,550$

Supplies Expense $15,310$

Miscellaneous Expense $1,150$

Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank.