Journalize the four entires required to close the accounts.

after the accounts have been adjusted at October 31 the end of the fiscal year the following balances were taken from the ledger of smart delivery services Co.;

retained earnings: $3,550,000

diviends: 40,000

fees earned: 1,145,000

wages expense: 740,000

rent expense: 65,000

supplies expense 14,750

miscellaneous expense: 8,800

CHART OF ACCOUNTS Smart Delivery Services Co. General Ledger ASSETS REVENUE 41 Fees Eamed 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Rent 15 Land EXPENSES 51 Wages Expense 52 Rent Expense 53 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Fees 23 Wages Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary