Question: please help Closing Entries with Net Loss Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have
Closing Entries with Net Loss Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the car year the following balances were taken from the ledger of Summit Services Fees Eamed Dividends 5171,000 24,000 35.700 Rent Expense Retained Earnings Supplies Expense Wages Expense Miscellaneous Expense 380,000 8,700 150,100 4,200 Journalize the closing entries required to close the accounts. If an amount box does not require an entry, leave it blank May 31 Dividends Fees Earned Supplies Expense Rent Expense Wages Expense May 31 18
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