Please help me with this :) On December 31, 2019, the Income Statement section of the worksheet for

Please help me with this 🙂

On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following information.
Income Statement Section Debit Credit Income Summary $ 38,200 $ 41,500 Sales 252,500 Sales Returns and Allowances 3,700 Sales Discounts 2,700 Interest Income 150 Purchases 134,000 Freight In 2,000 Purchases Returns and Allowances 1,800 Purchases Discounts 1,490 Rent Expense 8,300 Utilities Expense 2,890 Telephone Expense 1,500 Salaries Expense 65,700 Payroll Taxes Expense 5,230 Supplies Expense 1,660 Depreciation Expense 2,300 Interest Expense 300 Totals $ 268,480 $ 297,440

Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $26,000 on December 31, 2019.

Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary accounts.

Side note: Please only use these terms.

Depreciation expense

Freight in

Income summary

Interest expense

Interest income

John Capeletti, Capital

John Capeletti, Drawing

Payroll taxes expense

Purchases

Purchases discounts

Purchases returns and allowances

Rent expense

Salaries expense

Sales

Sales discounts

Sales returns and allowances

Supplies expense

Telephone expense

Utilities expense Journal entry worksheet 2 3 4 Prepare the closing entry for revenue and other credit items. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general journal Journal entry worksheet 2 3 4 1 Prepare the closing entry for expenses and other debit items. Note: Enter debits before credits. Date General Journal Credit Debit Dec 31, 2019 Journal entry worksheet 2 3 4 1 Prepare the closing entry for the balance of income summary. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general journal Journal entry worksheet 2 3 4 Prepare the closing entry for the drawing account. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2019 View general journal Record entry Clear entry