3-b. Prepare a journal entry to close out the balance in the manufacturing overhead account to cost of goods sold (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations to 2 decimal pl places. View transaction list Journal entry worksheet Record the entry to close the balance of the manufacturing overhead account to COGS account. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal