Felicity$$s Custom Framing has journalized its adjusting entries and prepared its adjusted trial balance. Prepare the closing entries for February using the income summary account.

Felicity's Custom Framing

Adjusted Trial Balance

February $28,2023$

Account Titles DR CR

Cash $$8,140$

Accounts Receivable $$2,580$

Prepaid Insurance $$2,260$

Equipment $$24,000$

Accumulated Depreciation $$1,380$

Accounts Payable $$3,490$

Interest Payable $$150$

Unearned Revenue $$1,720$

Notes Payable $$5,470$

Felicity, Capital $$24,350$

Felicity, Withdrawals $$3,340$

Service Revenue $$9,150$

Depreciation Expense $$280$

Insurance Expense $$220$

Interest Expense $$150$

Office Supplies Expense $$210$

Rent Expense $$1,980$

Salaries Expense $$2,340$

Telephone Expense $$210$

Total $$45,710$ $$45,710$