Jake's Pool Service had the following selected accounts and normal balances listed on its December 31 adjusted trial balance: (Click the icon to view the accounts and balances.) Journalize the closing entries for Jake's Pool Service. (Record debits first, then credits. Select the explanation on Start by closing revenues. Data Table Date Accounts and Explanation Debit Credit Dec. 31 Service Revenue 70,000 Service Revenue $ 70,000 $ Income Summary 70,000 30,000 115,950 Accounts Payable Salaries Expense 4,600 37,000 Insurance Expense Retained Earnings Supplies Expense Equipment 700 Common Stock 109,000 To close revenue. 41,000 26,000 Utilities Expense 18,000 Dividends Close all the expense accounts for the period. Cash 114,000 550 Date Office Supplies Salaries Payable Accumulated Depreciation Equipment Accounts and Explanation Debit Depreciation Expense-Equipment Land Credit 7,100 46,000 2,800 18,000 Dec. 31 92,800 Income Summary Salaries Expense Utilities Expense 37,000 18,000 Print Done Sunnlies Fynense 700 Journalize the closing entries for Jake's Pool Service. (Record debits first, then credits. Select the explanation on Dec. 31 mcome Summary 92,000 Salaries Expense 37,000 Utilities Expense 18,000 Supplies Expense 700 Insurance Expense 30,000 Depreciation Expense-Equipment 7,100 To close expenses. Close Income Summary. Date Accounts and Explanation Debit Credit Dec. 31