Is this Closing Journal Entry Correct?

1p Closing Journal Entny Explanation DR CR Accounts Trte Consulting Servite CNatel) #ll000. Income Summary Reueaye account closedl to To close resenve account) income summary 2 Income Summany (Nete L) 3290 Depreciortion expenses t250 tlo0 Telephone expense utility expenses 8860 wages expenses Insurance expenses 08# #600 6310 Supplies expenses (Espenses account closec outnGFO cLese expenses) to income summany account)evms nstS 3 Income Summany CNOte 710 PRuiz Capital To close Incoue summay 70 CIncome Summay account closel out to permanent Ruiz Capitalocount Lo14 4RUIZ. Capital 1400 (TO Close BRUIZ, Withdrawale ithcouak) (4 (withdrayale of Ruiz closedl cut fo permans Ruiz Capital account) Joumal e) Ruiz Consulting Ljnlusheet For the Month Ended November 30, 20XX Onajusted Trial Balance Debit Balance Adjusted Trial Balance Debit u Income Adjustments Shee Credit Account Name Statement Credit Debit Credit Credit Debit Credit Debit Cash A/R Prepaid Insurance Supplies Computer Accumulated Depreciation A/P Unearned Revenue Ruiz, Capital Ruiz, Withdrawals Consulting Revenue Wages, Exp. Utiltity Exp. Telephone Exp. $ 143440 9200 880 900 lcooo OffEhI 9300 960 600 Offeh) 9300 880 900 looco a) #80 b 6oo c) 250 50 #250 12C0 800 200co 1200 d9200 Docoo 20000 (400 1400 400 lo800 d120o le 360 1560 3co JOO 1200 1560 COE lco 6500 Notes Payable Insurance Exp. Supplies Exp Depreciation Exp. Wages Payable Total Net Income G600 lad80 b 6oo C) 250 g0 Goo 250 80 600 250 350 360 #3950039500#1490 490 4olO$40IO$3290 $Icoo 36820 $29 La e) 360 SmO0 OOO36820#36820. Total Net Income #1 t000-# 3290 = #7710