On December 31, the ledger of Davis Company contained the following account balances.

On December 31, the ledger of Davis Company contained the following account balances: Accounts Payable Accounts Receivable Accumulated Depreciation Cash Depreciation Expense Equipment Teresa Davis, Drawing $14,200 6,300 9,000 87,000 9,000 75,000 55,500 Fees Income Supplies Prepaid Rent Rent Expense Supplies Expense Teresa Davis, Capital Utilities Expense $185,000 4,700 63,500 9,500 8,700 126,900 15,900 All the accounts have normal balances. Prepare the closing entries for Davis Company On! View transaction list Journal entry worksheet