On December 31, 20X1, the ledger of Lopez Company contained the following account balances: Cash Accounts receivable Supplies Equipment $32,600 Maria Lopez, Drawing $13,100 2,700 Fees income 51,750 25,600 1,900 Depreciation expense Salaries expense 2,550 16,600 Accumulated depreciation Accounts payable 2,300 Supplies expense 2,800 Telephone expense 47,850 Utilities expense 2,800 2,400 4,450 Maria Lopez, Capital All the accounts have normal balances. Prepare the closing entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 Record the closing entry for revenue. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal >