5 Preparation of Closing Entries from the Work Sheet E7A. The items that follow are from the Income Statement columns of Winter's Repair Shop's work sheet for the year ended December 31, 2014. Prepare journal entries to close the revenue, expense, Income Summary, and Withdrawals accounts. The owner, A. Winter, withdrew $2,500 during the year. Income Statement Debit Account Name Repair Revenue Wages Expense Rent Expense Supplies Expense Credit 12,810 4,055 600 2,130 458 672 7,915 4,895 12,810 Insurance Expense Depreciation Expense-Repair Equipment 12,810 Net Income 12,810 diucti