On December 31, the ledger of Baby Movers, Co. contained the following account balances: Accounts payable Accounts receivable Accumulated depreciation Cash Depreciation expense-Machinery Machinery V. Orbach, Drawing $14,000 6,200 8,800 86 , 8,800 74,000 55,888 Fees income Supplies Prepaid insurance Insurance expense Supplies expense V. Orbach, Capital Utilities expense $184,000 4,600 63,888 9,480 8,600 124,600 15,800 All the accounts have normal balances. Prepare the closing entries for Baby Movers. Company On View transaction list Journal entry worksheet Record entry to transfer fees income to income summary: NO: Encor dobi botordult