Phillips Company had the following adjusted trial balance: 7 Credit Account Titles Cash Debit 12.200 Accounts Receivable 9.410 Supplies 7,310 48,940 Equipment 8,500 Accumulated Depreciation Accounts Payable 4,100 Deferred Rent Revenue 1,660 44,300 Capital Drawing Commission Revenue 15,900 48,800 7,000 Rent Revenue 4,100 Depreciation Expense Utilities Expense Supplies Expense 10,500 6,000 114,360 Total 114,360 Required: Prepare the second closing entry to close the expense accounts to Income Summary