91334/cfi/6/154/4/2/4/6/6/2/6/4@0:0 A VitalSource Bookshelf: Unit 3 Assignment Act + 5A-4. From the following posted T accounts, reconstruct the closing journal entries for August 31, 201X LO2 (20 min) Insurance Expense 275 Closing 275 M. Fahy, Capital Withdrawals 100 7,000 (Aug. 1) 375 Net Income M. Fahy, Withdrawals 100 Closing 100 Income Summary Expenses 2,925 Revenue 3,300 Closing 375 Balance 375 Salon Fees Closing 3,300 3,300 Wage Expense 400 Closing 400 Rent Expense 1,800 Closing 1,800 Depreciation Expense, Equipment 450 Closing 450 54.5 Crom the following 000 m