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 revenue and other credit items. Note: Enter debits before credits. Record the closing entry for expenses and other debit items. Note: Enter debits before credits. Record the closing entry for the balance of income summary. Note: Enter debits before credits. Record the closing entry for the drawing account. Note: Enter debits before credits