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 $ 194,000 Dividends 27,000 Rent Expense 40,400 Retained Earnings 430,000 9,900 Supplies Expense Wages Expense 169,900 Miscellaneous Expense 4,700 Journalize the closing entries required to close the accounts. If an amount box does not require an entry, leave it blank. May 31 III II May 31 ll