Closing Entries with Net Income Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: Fees Earned $614,500 45,000 Dividends 140,000 Rent Expense Retained Earnings 3,250,000 Supplies Expense Wages Expense Miscellaneous Expense 18,200 320,000 8,700 Journalize the closing entries. If an amount box does not require an entry, leave it blank. Dec 31 Fees Earned $614,500 Dividends 45,000 Rent Expense 140,000 Retained Earnings 3,250,000 Supplies Expense Wages Expense 18,200 320,000 8,700 Miscellaneous Expense Journalize the closing entries. If an amount box does not require an entry, leave it blank. Dec. 31 Dec 31 3 88