Rer 4 Practice Assignment eBook 04.02 04 83 ALGO Show Me How Closing Entries with Net Loss Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Summit Services: Fees Earned 04.77 04101 0474 0401 04.05 X04 ALCO X0414 BE 04 06 ALGO EXOLOT MC 04 118 ALGO MC 0475 DE OF DIALGO Type here to search $252,000 Dividends 35,000 Reet Expense 52,600 Retained Earnings 560,000 Supplies Expense 12.900 Wages Expense 221.200 6.200 Miscellaneous Expense Journalize the closing entries required to dose the accounts. If an amount box does not require an entry, leave it black Date Account May 31 Kividends Equipment Fees Samed tanet Earings Debit Credit 9 6 Mostly doudy 00 1240PM 2/13/2012 Reading Chapter 4 Practice Assignment eBook Fees Earned Show Me How $252,000 1. EX.04.02 2. MC 04 83 ALGO 3. MC 04.77 LEX 04.10 5. MC 04.74 Dividends 35,000 Rent Expense 52,600 Retained Earings 560,000 Supplies Expense 12,900 Wages Expense 221,200 Miscellaneous Expense 5,200 Journalize the dosing entries required to dose the accounts. If an amount box does not require an entry, leave it blank. Date Account Debit Credit 6. BE04.01 7. BE04.05 EX 04 16 ALGO May 31 . EX04 14 10 BE 04 06 ALGO 11. EXDEDT 12 MC 04 118 ALGO 13 MC:04:75 14 BEBEDE ALGO Pype here to search May 31 Cash Dividends Miscellaneous Expense Retained Earings Wages Expense DGAI 69F Mostly cloudy