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 $490,000 Dividends 30,000 Fees Earned 221,000 Wages Expense 193,600 Rent Expense 46,100 Supplies Expense 11,300 Miscellaneous Expense 5,400 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 1 11111 0 Aug 31 Close net incomeet loss Aug. 31 Close dividends