The Income Statement columns of the work sheet prepared for Crawford Delivery Service at current year-end are shown below. In addition, L. Crawford, Capital had a credit balance of $117,000 and L. Crawford, Withdrawals had a debit balance of $30,000 at year-end. Prepare closing journal entries for this company. ?Income Statement? Dr. Cr.Delivery Revenue?$98,900Office salaries expense$28,100?Rent expense14,400?Insurance expense1,200?Office supplies expense1,900?Depreciation expense-Office equipment6,000?Totals$51,600$98,900Net income47,300?Totals$98,900$98,900
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| Dec. 31 | Delivery Revenue | 98,900 | ? |
| ? | Income Summary | ? | 98,900 |
| 31 | Income Summary | 51,600 | ? |
| ? | Office Salaries Expense | ? | 28,100 |
| ? | Rent Expense | ? | 14,400 |
| ? | Insurance Expense | ? | 1,200 |
| ? | Office Supplies Expense | ? | 1,900 |
| ? | Depr. Expense-Office Equipment | ? | 6,000 |
| 31 | Income Summary | 47,300 | ? |
| L. Crawford, Capital | ? | 47,300 | |
| 31 | L. Crawford, Capital | 30,000 | ? |
| ? | L. Crawford, Withdrawals | ? | 30,000 |
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