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 fiscal year, the following balances were taken from the ledger of Summit Services: Line Item Description Amount Fees Earned $1,150,000 Dylan Jaffe, Capital 450,000 Dylan Jaffe, Drawing 5,000 Rent Expense 200,000 Supplies Expense 19,300 Wages Expense 915,000 Miscellaneous Expense 31,900 Journalize the closing entries required to close the accounts. If an amount box does not require an entry, leave it blank