The items that follow are from the Income Statement columns of winter€™s Repair Shop€™s work sheet for the year ended December 31, 2014. Prepare journal entries to close the revenue, expense, Income Summary, and Withdrawals accounts. The owner, A. Winter, withdrew $2,500 during theyear.

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Income Statement Debit Account Name Repair Revenue Wages Expense Rent Expense Supplies Expense Insurance Expense Depreciation Expense-Repair Equipment Credit 12,810 4,055 600 2,130 458 672 7,915 4,895 12,810 12,810 Net Income 12,810