Owners equity does not close out to retained earnings, it is the other way around. Retained earnings closes to owner equity. retained earnings is last years net profit.

Assuming the balances in retained earnings,  investment, and drawing are positive numbers on the balance sheet

Journal entry
debit equity investment, and credit owner equity for the balance in investment
debit owner equity and credit owner draws for the balance in draws

debit retained earnings and credit owner equity for the balance in retained earnings