Question: Marina Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end

Marina Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Marina Services Co.

Journalize the four entries required to close theaccounts.

Rent Expense Supplies Expense Miscellaneous Expense John O'Neil, Capital John O'Neil, Drawing Fees Earned Wages Expense S480,000 $45,000 5,100 190,000

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