Prepare closing entries for December without explanation from the following Income Statement columns of the work sheet of Custom Cleaning Service, assuming that a $500 withdrawal was made during the period.

Income Statement
	Debit	Credit
Cleaning Revenue		2,600
Wages Expense	1,200
Rent Expense	400
Supplies Expense	300
Insurance Expense	40	_____
	1,940	2,600
Net Income	660	_____
	2,600	2,600

 

	General Journal			Page 1
Date	Description	Post. Ref.	Debit	Credit