On December 31, 2016, the ledger of Hernandez Company contained the following account balances:

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

Transcribed Image Text:

Cash Accounts Receivable Supplies Equipment Accumulated Depreciuation Accounts Payable Maria Hernandez, Capital $33,000 Maria Hernandez, Drawing 2,900 Fees Income 2,100 Depreciation Expense 26,000 Salaries Expense 2,500 Supplies Expense 3,000 Telephone Expense 48,250 Uhilities Expense S26,000 53,750 2,750 17,000 3,000 2,600 4,650