4,300 4,800 14,100 1, 360 Accounts payable Notes payable (due in 3 years) L. Sierra, Capital L. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals 11,300 5,300 2,720 2,040 $ 48,300 $ 48,300 Prepare its December 31 closing entries. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31 11,300 Consulting revenue Income summary 11,300 2 Dec 31 Income summary 10,060 5,300 Wages expense Depreciation Expense-Buildings Insurance expense 2,720 2,040 3 Dec 31 Income summary 1.240 L. Sierra, Capital 1,240 4 Dec 31 Cash 1,360 L. Sierra, Withdrawals 1,360