Rainbow services Co. offers its services to individuals desiring to improve their personal images. After the accounts hvae been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Rainbow services Co:

Retained earnings $858,000

Rent expense $69,500

Dividends $12,400

Supplies Expense $11,120

fees earned $522,300

Miscellaneous Expense $14,500

Journalize the four entries required to close the accounts

wages expense $484,400

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