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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

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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: Fees Earned $284,000 Dividends 39,000 Rent Expense 59,200 Retained Earnings 630,000 Supplies Expense 14,500 Wages Expense 248,900 Miscellaneous Expense 6,900 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 close the accounts. If an amount box does not require an entry, leave it blank' May 31 Fees Earned Retained Earnings May 31

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