EX 4-17 Closing entries with net loss Stylist Services Co. offers 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 following balances were taken from the ledger of Stylist Services Co: OBJ.3 Marlena Fenton, Capital Marlena Fenton, Drawing Fees Earned Wages Expense $60,000 19,500 6,150 $1,060,000 Rent Expense 75,000 Supples Expense 618,200 Miscellaneous Expense 388,400 Journalize the two entries required to close the accounts