On December 31, the ledger of Hartley Engineering Company contained the following account balances: Accounts payable Accounts receivable Accumulated depreciation Cash Depreciation expense Equipment Eric Hartley, Drawing $ 5,600 4,000 4,600 44,000 4,600 38,000 27,200 Fees income Supplies Salaries expense Supplies expense Telephone expense Eric Hartley, Capital Utilities expense $94,600 3,200 29,600 5,600 5,200 62,200 8,800 All the accounts have normal balances. Prepare the closing entries for Hartley Engineering Company On December 31. All the accounts have normal balances. Prepare the closing entries for Hartley Engineering Company On December 31. View transaction list Journal entry worksheet Record entry to transfer fees income to income summary. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet Record entry to transfer expenses to income summary. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Journal entry worksheet Record entry to transfer drawings to capital account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal