Below is the partial worksheet of Althea Andrei Video Store: Account Titles Adjusted Trial Balance Debit Credit Income Statement Debit Balance Sheet Credit Debit Credit Cash on Hand 110,000 110.000 Accounts Receivable 30,000 30.000 Allowance for d/a 300 300 Supplies 4.000 4,000 Videotape Inventory 90.000 90.000 Furniture and Fixtures 80,000 80.000 Accumulated Depreciation 3,750 3.750 Accounts Payable 35,000 35,000 Notes Payable 35,000 35.000 Accrued Interest Payable 4,000 4,000 Althea Andrei Capital 162,000 162,000 Althea Andrei. Withdrawal 20.000 20.000 Sales 180,000 180,000 Other Income 18.000 18.000 Doubtful Accounts expense 300 300 Depreciation Expense 3.750 3,750 Interest Expense 4.000 4,000 Damaged Videotape Expense 15.000 15.000 Supplies Expense 6.000 6.000 Salaries Expense 75.000 75,000 Total 438.050 438,050 ? Net Income (loss) for the period Totals In preparing the closing entries in the books of Althea Andrei, the first step will require a Credit to Income Summary, $104,050 Debit to Income Summary. $198.000 Predit to Income Summary $192.000