Closing Entries 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 Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $624,620 30,000 717,770 484,200 116,200 43,580 14,525 Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Nov. 30 Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense Retained Earnings Nov. 30 Dividends Fees Earned 88