On December 31 , the ledger of Baby Movers, Co. contained the following account balances: All the accounts have normal balances. Prepare the closing entries for Baby Movers, Company On December 31 . Journal entry worksheet Record entry to transfer fees income to income summary. Note: Enter debits before credits. Journal entry worksheet Record entry to transfer expenses to income summary. Note: Enter debits before credits. Journal entry worksheet Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits. Journal entry worksheet Record entry to transfer drawings to capital account. Note: Enter debits before credits