An alphabetical list of the adjusted account balances (all accounts have normal balances) at August 31, 2011, for Alice Lane Consulting is as follows: $25,000 820 35,900 740 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Depreciation expense Equipment Insurance expense Interest expense $ 8,200 Notes payable 10,980 Prepaid insurance 18,600 Service revenue 17,940 Supplies 9,300 Supplies expense 83,545 A. Lane, capital 4,100 A. Lane, drawings 1,500 Unearned revenue 7,845 85,500 18,500 980 Prepare the closing entries at August 31, 2011, using the income summary approach