Homework Question from Chapter 4 - Closing Entries On January 1, 2019, Jill Luckovich began Jill Luckovich Interior Design Co, with an initial investment of $6,725, and on December 31 her records showed the following (alphabetically arranged) account balances: Accounts Payable Accounts Receivable Cash Service Revenue Notes Payable Jill Luckovich, Capital 5600 2.250 2.875 6,400 700 6,725 Office Furniture Il Luckovich, Withdrawals Rent Expense Salaries Expense Telephone Expense $3,000 350 2,500 2,200 1,250 Homework Question from Chapter 4 - Closing Entries On January 1, 2019, Jill Luckovich began Jill Luckovich Interior Design Co, with an initial investment of $6,725, and on December 31 her records showed the following (alphabetically arranged) account balances: Accounts Payable Accounts Receivable Cash Service Revenue Notes Payable Jill Luckovich, Capital 5600 2.250 2.875 6,400 700 6,725 Office Furniture Il Luckovich, Withdrawals Rent Expense Salaries Expense Telephone Expense $3,000 350 2,500 2,200 1,250