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 $470,000 Dividends 29,000 Fees Earned 212,000 Wages Expense 185,700 Rent Expense 44,200 Supplies Expense 10,800 Miscellaneous Expense 5,200 Journalize the four entries required to close the accounts. If an amount box does not require an entry, leave it blank. ALO 31 Close revenues Aug, 31 Close expenses 200 Journalize the four entries required to close the accounts. If an amount box does not require an entry, leave Aug. 31 Close revenues > Aug. 31 Close expenses 1110 Aug. 31 close net incomeet loss Aug 31 Close dividends