QUESTION 2 After the accounts have been adjusted at October 31, the end of the fiscal year, the following balances were taken from the ledger of Reap Business Inc. James Reap, Capital James Reap, Drawing Fees earned Wages expense Rent expense Miscellaneous expense $800,000 125,000 750,000 400,000 75,000 5,000 Joumalize the closing entries necessary to close out all temporary accounts. Not all lines may be used. DATE 10/31 Debit Credit 10/31