Closing entries with net loss Instructions Chart of Accounts Journal Instructions Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Summit Services: Fees Eamed Dividends $599,900 12.400 Rent Expense 524,100 Retained Earnings 478,000 Supplies Expense 66,000 Wages Expense 12,000 Miscellaneous Expense 14,000 CO