Closing Entries with Net Loss Rainbow Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Rainbow Services Co. Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $550,000 34,000 248,000 217,300 51,700 12,700 6,100 Journalize the four entries required to close the accounts. If an amount box does not require an entry, leave it blank, Aug. 31 Close revenues Aug 31 Close expenses Aug 31 Close net incomeet loss