On December 31, the ledger of Economy Moving, Company contained the following account balances: Accounts payable $ 14,200 Fees income $ 185,000 Accounts receivable 6,300 Supplies 4,700 Accumulated depreciation 9,000 Prepaid insurance 63,500 Cash 87,000 Insurance expense 9,500 Depreciation expense-Machinery 9,000 Supplies expense 8,700 Machinery 75,000 O. Gilles, Capital 126,900 O. Gilles, Drawing 55,500 Utilities expense 15,900 All the accounts have normal balances. Journalize the closing entries