Closing journal entries Date Dec 31 Service Revenue Clos. (1) Income Summary Dec. 31 Income Summary Clos (2) Accounts Debit Credit 11.550 11,550 5,450 2,200 Salaries Expense Depreciation Expense Insurance Expense 150 150 Fuel Expense 300 Rent Expense 2,000 Supplies Expense 650 Dec. 31 Income Summary 6,100 Clos. (3) Retained Earnings 6.100 Dec 31 Retained Earnings 2.400 Clos. (4) Dividends 2.400 Print Done