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Journalize the two entries required to close the accounts

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Question - After the accounts have been adjusted at January 31, the end of the fiscal year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Retained Earnings $371,380 Dividends 5,930 Fees Earned 121,620 Wages Expense 43,190 Rent Expense 15,880 Supplies Expense 14,900 Miscellaneous Expense 2,180.

Required - Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank.

Reference no: EM132675601

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