akeAssignment/takeAssignmentMain.do?invoker &takeAssignmentSessionLocator &inprogress=false Closing Entries with Net Loss Rainbow Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Rainbow Services Co. Retained Earnings $510,000 32,000 Dividends Fees Earned 230,000 Wages Expense 201,500 Rent Expense 47,900 Supplies Expense 11,700 Miscellaneous Expense 5,600 ahfount b Journalize the four entries required to close the accounts. If an affount box does not require an entry, leave it blank. Aug. 31 Close revenues Aug. 31 Close expenses Check My Work & more Check My Work utes remaining 000000 00000 0 Pre Aug. 31 Close revenues Aug. 31 Close expenses Aug. 31 Close net income/net loss Aug. 31 Close dividends Check My Work 6 more Check My Work uses remaining uns an amount box does not require an entry, leave it blank. 00000000 0 0 000000 COCODE