On December 31, 20X1, the ledger of Hunter Company contained the following account balances: $33,000 Jessica Hunter, Drawing 2,900 Fees income 2,100 Depreciation expense 26,000 Salaries expense 2,500 Supplies expense $26,000 53,750 2,750 17,000 3,000 2,600 4,650 Cash Accounts receivable Supplies Equipment Accumulated depreciation Accounts payable Jessica Hunter, Capital 60,750 Utilities expense All the accounts have normal balances. Prepare the closing entries for the above transactions. 3,000 Telephone expense