Account Title Cash Prepaid insurance Sierra Company Adjusted Trial Balance December 31 Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) L. Sierra, Capital L. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Prepare its December 31 closing entries. View transaction list Journal entry worksheet 1 2 3 4 Prepare the entry to close Income Summary. Note: Enter debits before credits. Date Dec 31 Debit $ 6,000 Credit 600 5,000 22,000 $ 13,000 3,500 4,000 12,500 1,200 10,500 4,500 2,400 1,800 $ 43,500 $ 43,500 General Journal Debit Credit