entry for revenue, expenses, balance of income summary, and the closing entry for the drawing account.

On December 31, 2019, the ledger of Lopez Company contalned the following account balances: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital $13,280 52,258 2,600 16,780 2,858 2,450 4,588 $32,788 Maria Lopez, Drawing 2,758 Fees Income 1,958 Depreciation Expense 25,788 Salaries Expense 2,358 Supplies Expense 2,858 Telephone Expense 47,958 Utilities Expense Prepare the closing entries for the above transactions. View transaction list Journal entry worksheet Prepare the closing entry for revenue Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general jourmal