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

Sherry Kerney, Capital                       $730,000

Sherry Kerney, Drawing                         20,000

Fees Earned                                           515,000

Wages Expense                                    480,000

Rent Expense                                          75,000

Supplies Expense                                   12,100

Miscellaneous Expense 4,000

Journalize the four entries required to close the accounts.