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 $ 5,800 4,200 4,800 45,000 4,800 39,000 27,600 Fees income Supplies Salaries expense Supplies expense Telephone expense Eric Hartley, Capital Utilities expense $95,800 3,400 29,800 5,800 5,400 64,200 9,000 All the accounts have normal balances. Prepare the closing entries for Hartley Engineering Company On December 31 View transaction list Journal entry worksheet 1 2 3 4 Record entry to transfer fees income to income summary. Note: Enter debits before credits Debit Credit Date General Journal Dec 31 Record entry Clear entry View general journal Record entry to transfer expenses to income summary. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general jouwwa ) 2 un 4 > Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal