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On the basis of the following data taken from the Income Statement and Balance Sheet columns of the worksheet for the year ended December 31

On the basis of the following data taken from the Income Statement and Balance Sheet columns of the worksheet for the year ended December 31 for Soy Co., journalize the four closing entries.

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AccountCashAccountsReceivableSuppliesPrepaidInsuranceOfficeFurnitureAcc.Depr.-Off.Furn.AccountsPayableR.Soy,CapitalR.Soy,WithdrawalsFeesEarnedSalaryExpenseDepreciationExpenseSuppliesExpenseInsuranceExpenseTotalDebit50020050400900100100151501002,515Credit15900700 \begin{tabular}{|l|l|l|l|} \hline Date & Account Titles & Debit & Credit \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}

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