The adjusted ledger accounts of RD Consulting on December 31, 20X1, appear as follows. Account Name Balance 8,000 Cash Accounts receivable 2,400 Supplies 2,250 Prepaid insurance 800 Equipment 22,000 Accumulated depreciation-Equipment 4,850 Accounts payable 3,600 Roger Dye, Capital 17,100 4,500 Roger Dye, Drawing Fees income 21,300 Supplies expense 850 Insurance expense 700 Depreciation expense-Equipment 650 Salaries expense 3,600 Utilities expense 1,100 Prepare the Balance Sheet and Income Statement columns of the worksheet. Income Statement Account Name Debit Credit Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Roger Dye, Capital Roger Dye, Drawing Fees income Supplies expense Insurance expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Net income Balance Sheet Debit Credit Prepare the closing entries for RD Consulting on December 31, 20X1. View transaction list 1 Record entry to transfer fees income to income summary. 2 Record entry to transfer expenses to income summary. 3 Record entry to transfer net income or net loss from income summary to capital. 4 Record entry to transfer drawings to capital account. X Cr