On December 31, the ledger of Hartley Engineering Company contained the following account balances: Accounts payable Accounts receivable Accumulated depreciation Cash Depreciation expense Equipment Eric Hartley, Drawing $ 5,700 4,100 4,700 44,500 4,700 38,500 27,400 Fees income Supplies Salaries expense Supplies expense Telephone expense Eric Hartley, Capital Utilities expense $95,200 3,300 29,700 5,700 5,300 63,200 8,900 All the accounts have normal balances. Prepare the closing entries for Hartley Engineering Company On December 31 gineering C View transaction list Journal entry worksheet 1 2 3 4 Record entry to transfer fees income to income summary. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 3 3 4 Record entry to transfer expenses to income summary. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet 2 4 3 By Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal Journal entry worksheet