Closing Entries

After the accounts have been adjusted at March 31, the end of the fiscal year, the following balances were taken from the ledger of Beautifying Landscaping Co.:

Line Item Description	Amount
Retained Earnings	$809,060
Dividends	33,000
Fees Earned	648,930
Wages Expense	414,900
Rent Expense	99,600
Supplies Expense	37,340
Miscellaneous Expense	12,445

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

Date	Account	Debit	Credit
Mar. 31	Accounts ReceivableCashDividendsFees EarnedRetained Earnings	- Select -	- Select -
	Accounts ReceivableCashDividendsFees EarnedWages Expense	- Select -	- Select -
	Accounts ReceivableCashDividendsFees EarnedRent Expense	- Select -	- Select -
	Accounts ReceivableCashDividendsFees EarnedSupplies Expense	- Select -	- Select -
	Accounts ReceivableCashDividendsFees EarnedMiscellaneous Expense	- Select -	- Select -
	Accounts ReceivableCashDividendsFees EarnedRetained Earnings	- Select -	- Select -
Mar. 31	CashFees EarnedMiscellaneous ExpenseRent ExpenseRetained Earnings	- Select -	- Select -
	DividendsFees EarnedMiscellaneous ExpenseRent ExpenseWages Expense	- Select -	- Select -