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 $257,000 Dividends 35,000 Rent Expense 53,600 Retained Earnings 570,000 Supplies Expense 13,100 Wages Expense 225,200 Miscellaneous Expense 6,300 Journalize the closing entries required to close the accounts. If an amount box does not require an entry, leave it blank. DateAccountDebitCredit May 31 - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select