From the following posted T accounts, reconstruct the closing journal entries for December 31, 2014. M. Foster,

From the following posted T accounts, reconstruct the closing journal entries for December 31, 2014.

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M. Foster, Capital Withdrawals 100 2,000 (Dec. 1) Insurance Expense 50 Closing 50 Net Income 700 M. Foster, Withdrawals Wages Expense 100 Closing 100 100 Closing 100 Rent Expense 200 Closing 200 Income Summary Expenses 600 Revenue 1,300 700 Salon Fees Amortization Expense, Equipment Closing 1,300 1,300 250 Closing 250