Creative images Co. ofers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the fotowing balances were taken from the ledger of Creative Images Co. $360,000 12.000 204,100 Violet Lozano, Capital Violet Lozano, Drawing Foo Earned Wages Expense Rent Expense Supples Expense Miscellaneous Expense 488,000 56,500 11,200 14.400 Required: Journaire the two entries required to close the accounts. Retor to the chart of accounts for the exact wording of the accounts. CNOW Journals do not use Wnes for journal explanations. Every one on a journal page is used for cobit or credit entries, CNOW found will automaticaly ident a credit entry when a credit amount is entored Chart of Accounts CH CHART OF ACCOUNTS have be foil Creative Images Co. General Ledger ASSETS REVENUE 11 Cash 41 Fees Eamed 12 Accounts Receivable 13 Prepaid Rent 14 Supplies EXPENSES 51 Wages Expense 52 Rent Expense 53 Supplies Expense 54 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Wages Payable 23 Uneamed Fees 7 of the acco 1. ONOWO EQUITY 31 Violet Lozano, Capital 32 Violetano mwing All work saved atv Q Journal Instructions Chart of Accounts Journal JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST REE DET CREDIT ASSETS LIABILITIES COUNTY 1 Closing Entries 2 4 5 . 7 31 Violet Locano. Cape Previous Ne