eBook 3 Show Me How Calculator 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 Fees Earned Dividends Rent Expense Retained Earnings $1,150,000 5,000 200,000 450,000 19,300 915,000 31,900 Supplies Expense Wages Expense Miscellaneous Expense Journalize the dosing entries required to dose the accounts. If an amount box does not require an entry, leave it blank. May 31 Fees Earned Retained Earnings Wades Expense Rent Expense DIDIUM Supplies Expense Miscellaneous Expense May 31 tamings Dividends I The preparation of dosing entries is an important step in the accounting cyde. The purpose is to zero out balance in temporary accounts by transfer for a specific time period, usually one accounting period. intSessionLocator=&linprogress=false 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: If an amount box does not require an entry, leave it blank. SP in the accounting cyde. The purpose is to zero out balances in temporary accounts by transferring them to permanent accounts. Temporary accounts are accounts that are only used