Requirement 4. Joumalize the closing entries for Blume Irrigation System (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Dec. 31 Accounts and Explanation Debit Credit Data Table Clos. (1) Blume Irrigation Byctem Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 49,710 Close expenses for the period. Accounts Receivable 47,500 Date Accounts and Explanation Debit Credit Office Supplies 3,790 Dec. 31 Prepaid Insurance 4,600 Equipment 28,000 Clos. (2) Accumulated Depreciation Equipment S 6,500 Building 56,100 Accounts and Explanation Debit Credit 25,000 42,000 1,200 3,500 1,300 Close Income Summary 30,100 Date 30,000 2,500 Dec. 31 75,800 Clos. (3) 800 Salaries Expense 15,700 Supplies Expense 1,600 Interest Expense 1,200 Close withdrawals Depreciation Expense-Equipment 2,000 1,500 Date Accounts and Explanation Debit Credit Depreciation Expense-Building 216,400 $ 216,400 Dec. 31 Clas(4) Total Accumulated Depreciation Building Accounts Payable Interest Payable Salaries Payable Uneamed Revenue Notes Payable (long-term) Blume, Capital Blume, Withdrawals Service Revenue Insurance Expense Print Done