Closing Entries After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Hillcrest Landscaping Co. Retained Earnings $484,180 Dividends 30,000 Fees Earned 372, 385 288,200 Wages Expense Rent Expense 200 Supplies Expense 25,940 Miscellaneous Expense 8,645 Journalize the four entries required to close the accounts. If an amount box does not require an entry, leave it blank. July 31 Close revenues Fees Earned 372,385 Income Summary 372,385 July 31 Close expenses Income Summary 372,385 X Wages Expense Rent Expense Supplies Expense Miscellaneous Expense Previous