On December 31, Williams Company had the following adjusted trial balance: Credit Account Titles Cash Accounts Receivable Debit 14,750 9,080 Prepaid Rent 7.160 Equipment 34,000 Accumulated Depreciation 7,200 25,300 Accounts Payable Capital Stock 20,700 24,300 Retained Earnings Dividends 16,800 74,700 Sales Sales Discounts 500 Sales Returns and Allowances 1,390 Cost of Goods Sold 44.820 11,500 Selling Expenses General and Administrative Expenses 12,200 152,200 152,200 Required Prepare the first closing entry to close the revenue accounts to Income Summary. Date Account Title Debit Credit