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 $1,150,000 5,000 200,000 450,000 Dividends Rent Expense Retained Earnings Supplies Expense Wages Expense Miscellaneous Expense 19,300 915,000 31,900 Journalize the closing entries required to close 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 May 31