From the partial worksheet in Figure, journalize the closing entries for December 31 for G. JacksonCo. G.

From the partial worksheet in Figure, journalize the closing entries for December 31 for G. JacksonCo.

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G. JACKSON CO. WORKSHEET FOR YEAR ENDED DECEMBER 31, 201X Balance Sheet Income Statement Debit Account Credit Debit Credit 192 44800 55500 Cash Merchandise Inventory Prepaid Advertisin Prepaid Insurance Office Equipment Accum. Dep., Office Equipment Accounts Payable G. Jackson, Capital ncome Summary Sales Sales Returns and Allowances Sales Discounts Purchases Purchases Returns and Allowances Purchases Discount Salaries Expense nsurance Expense 20700 25200 8600 620044800 55 1 800 10900 2621 00 5 tilities Expense Plumbing Expenses Advertising Expense Dep. Expenses, Office Equip Salaries Payable 400 523800 604500 230600 499100 0700 0600 Net Income 700 60450004500 230600