EX $4-16$ 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:

$\backslash$table$[[,,,],[$Fees Earned,$$1,150,000,$Supplies Expense,$$19,300$