On December 31, 20X1, the ledger of Lopez Company contained the following account balances: Cash $32,800 Maria Lopez, Drawing $13,300 Accounts receivable Supplies 2,800 Fees income 52,750 2,000 Depreciation expense 2,650 Equipment 25,800 Salaries expense 16,800 Accumulated depreciation Accounts payable Maria Lopez, Capital 2,400 Supplies expense 2,900 Telephone expense 48,050 Utilities expense 2,900 2,500 4,550 All the accounts have normal balances. Prepare the closing entries for the above transactions. 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 > Journal entry worksheet 1 2 3 4 Record the closing entry for expenses. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 4 Record the closing entry for the balance of income summary. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet 1 2 3 Record the closing entry for the drawing account. Note: Enter debits before credits. Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal