Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $25,700 on December 31, 20X1. Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary accounts. Journal entry worksheet Record the closing entry for revenue and other credit items. Note: Enter debits before credits. On December 31, 20X1, the Income Statement columns of the worksheet for The Sax Shop contained the following information. Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $25,700 on December 31,201. Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary accounts. Record the closing entry for expenses and other debit items. Note: Enter debits before credits. Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $25,700 on December 31, 20X1. Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary accounts. Journal entry worksheet Record the closing entry for the balance of income summary. Note: Enter debits before credits. Issume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $25,700 on ecember 31,201. repare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary ccounts. Journal entry worksheet Record the closing entry for the drawing account. Note: Enter debits before credits