On December 31, 2019, the ledger of Lopez Company contained the following account balances: Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Maria Lopez, Capital $31,000 Maria Lopez, Drawing 1,900 Fees Income 1,100 Depreciation Expense 24,000 Salaries Expense 1,500 Supplies Expense 2,000 Telephone Expense 46,250 Utilities Expense $11,500 43,750 1,750 15,000 2,000 1,600 3,650 Prepare the closing entries for the above transactions View transaction fist View journal entry worksheet No General Journal Date - Dec 31, 2019 Debit 43.750 1 Fees income