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Closing journal entries On December 31, 2017, the Income Summary Account of the same Martinez Upholstery Cleaning Service had a Credit balance of $45,000 and

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On December 31, 2017, the Income Summary Account of the same Martinez Upholstery Cleaning Service had a Credit balance of $45,000 and a Debit Balance of $15, 900. Required: Record the necessary Closing Journal Entries for the Income Summary Accounts (20 Points). On December 31, 2017, the Debit Balance in the Drawing/Withdrawals Account of the Martinez Upholstery Cleaning Service was $2,800. REQUIRED: Record the necessary Closing Journal Entries (20 Points)

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