Closing Entries with Net Loss 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 focal year, the balances were taken from the ledger of Summit Services: Fees Earned Dividends Rent Expense Retained Earnings $171,000 24,000 35,700 380,000 8,700 Supplies Expense Wages Expense Miscellaneous Expense 150,100 4,200 Journalize the closing entries required to dose the accounts. If an amount box does not require an entry, leave it blank. Journalize the closing entries required to dose the accounts. If an amount box does not require an entry, leave May 31 Fees Earned 171.000 Retained Earnings Wages Expense X 150,100