Creative images 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 Creative images Co.:

Violet Lozano, Capital ................... $934,500 

Rent Expense ................................... $52,900

Violet Lozano, Drawing ..................... 66,000 

Supplies Expense .............................. 17,200

Fees Earned ..................................... 545,000 

Miscellaneous Expense ...................... 5,400

Wages Expense ............................... 342,400

Journalize the two entries required to close the accounts.