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1 16.66 points Exercise 6.1 (Algo) Journalize closing entries. LO 6-1 On December 31, 20X1, the ledger of Lopez Company contained the following account
1 16.66 points Exercise 6.1 (Algo) Journalize closing entries. LO 6-1 On December 31, 20X1, the ledger of Lopez Company contained the following account balances 04.50.53 ebook Hint Print References Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Maria Lopez, Capital $32,100 Maria Lopez, Drawing 2,450 Fees income 1,650 Depreciation expense 25,100 Salaries expense $12,000 49,250 2,300 16,100 2,050 Supplies expense 2,550 Telephone expense 47.350 Utilities expense 2,550 2,150 4,206 All the accounts have normal balances. Prepare the closing entries for the above transactions. View transaction list Journal entry worksheet 1 2 4 Record the closing entry for revenue. > Check my work
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