Apply: Exercise Apply: Connecte Exercise| :https:/ewcorrect Saved Apply. Exercise On December 31, 2019, the ledger of Lopez Company contained the following account balances 2 Maria Lopez, $31,488 Drawing $11,900 Cash Accounts Receivable 2,100 Fees Income Depreciation 1,300 Expense 45,750 12 points Supplies 1,950 Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital 24,480 Salaries Expense 15,4ee 1,700 Supplies Expense 2,200 2,280 Telephone Expense 46,658 Utilities Expense 1,8e0 3,850 Prepare the closing entries for the above transactions View transaction list References Journal entry worksheet Prepare the closing entry for revenue. Note: Enter debits before credes Dec 31, 2019 Record entry Clear entry View general journal