Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services:
Fees Earned ....................................$ 614,500
Dividends ..............................................45,000
Rent Expense .....................................140,000
Retained Earnings ...........................3,250,000
Supplies Expense .................................18,200
Wages Expense .................................320,000
Miscellaneous Expense .........................8,700

Journalize the closing entries.