Check Figure ein Income Summary 3710 credit) after second sing entry Objective: To journalize closing entries from account balances Directions: Prepare closing entries for the year ended December 31, 20X2, in general journal form from the following list of adjusted account balances of Mottaghi Photography. Account Balance Photography Revenue $96,000 Rent Expense 7,200 Supplies Expense 1,240 Salaries Expense 15,000 Depreciation Expense-Equipment 3,100 Utilities Expense 750 Abbas Mottaghi, Drawing 50,000 Abbas Mottaghi, Capital 42,800