On December 31, 2013, the ledger of Davis Company contained the following account balances:

All the accounts have normal balances. Journalize the closing entries. Use 4 as the general journal page number.

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$32,000 Cash Accounts Receivable Supplies $25,000 48,750 2,250 Mesia Davis, Drawing 2,400 Fees Income 1,600 Depreciation Expense Equipment Accumulated Depreciation Accounts Payable Mesia Davis, Capital 25,000 Salaries Expense Supplies Expense 16,000 2,500 2.100 4,150 2,000 2,500 Telephone Expense 47,250 Utilities Expense