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Business, 18.10.2021 21:20 robert7248

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
Violet Lozano, Drawing 66,000
Fees Earned 545,000
Wages Expense 342,400
Rent Expense 52,900
Supplies Expense 17,200
Miscellaneous Expense 5,400

Required:
Journalize the two entries required to close the accounts.

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