From the following items in the income statement columns of the worksheet of Vaughn Tutoring at December 31, prepare the closing entries, assuming that a $75 withdrawal was made during the period. Income Statement Accounts dr. cr. Service Revenue 2000 Wages Expense 1000 Rent expense 500 Supplies expense 200 Insurance expense 100 Net Income5. From the following items in the income statement columns of the worksheet of Vaughn Tutoring at December 31, prepare the closing entries, assuming that a $75 withdrawal was made during the period. Income Statement Accounts dr. cr. Service Revenue 2000 Wages Expense 1000 Rent expense 500 Supplies expense 200 Insurance expense 100 Net Income5