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 Hillcrest Landscaping Co.: Retained Earnings $650,480 Dividends 29,000 Fees Earned 539,785 Wages Expense 367,500 Rent Expense 88,200 Supplies Expense 33,075 Miscellaneous Expense 11,025 Journalize the four entries required to close the accounts. If an amount box does not require an entry, leave it blank. March 31 Close revenues Fees Earned Income Summary March 31 Close expenses Income Summary Wages Expense Rent Expense Supplies Expense Miscellaneous Expense Accounting numeric field March 31 Close income/loss Income Summary Retained Earnings Retained Earnings March 31 Close dividends Dividends