EX 4-17 Closing entries with net loss Rainbow Services Co. offers its services to individuals desiring to improve their personal images After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Rainbow Services: Obj. 3 Retained Earnings Dividends Fees Earned Wages Expense $2,650,000 Rent Expense $185,000 26,200 ,050,000 Miscellaneous Expense 28,600 10,000 Supplies Expense 886,000 Journalize the four entries required to close the accounts