After the accounts have been adjusted at August 31, the

After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Marcy Delivery Services Co.:

Retained Earnings ........... $1,400,000

Dividends ............... 55,000

Fees Earned ...............880,000

Wages Expense .............524,000

Rent Expense ............. 80,000

Supplies Expense ............. 16,000

Miscellaneous Expense ......... 9,000

Journalize the four entries required to close the accounts.


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