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 $1,150,000
dividends 5,000 rent
expense 200,000
retained earnings 450,000
supplies expense 19,300
wages expense 915,000
miscellaneous expense 31,900

journalize the four entries required to close the accounts.