Patel Insurance Agency reported the following items at January 31: (Click the icon to view the reported items.) Required Make Patel Insurance Agency's closing entries, as needed, for these accounts. Include explanations. Begin by recording the closing entry for service revenue (Clo. 1). (Record debits first, then credits. Enter explanations on the last line.) Date January 31 Cash Service Revenue Accounts To close service revenue. Debit Credit 1400 Reported items 4400 Insurance Expense Marketing Expense $ 120 1,800 Other Assets 520 Amortization Expense 740 C. Patel, Withdrawals 220 Long-Term Liabilities 440 Cash 1,400 Service Revenue 4,400 Accounts Payable 320 Rent Expense 540 Accounts Receivable 1,400 C. Patel, Capital 3,100