Bramble Company has the following account balances: Sales Revenue $$219,500,$ Sales Discounts $$2,310,$ Cost of Goods Sold $$127,500,$ and Inventory $$45,100.$

Prepare the entries to record the closing of these items to Income Summary under the perpetual inventory system. $($List all debit entries before credit entries. Credit account tilles are autor

Account Trtles and Explanation

$($To dose accounts with credit balances$)$

$($To close accounts with debit balances$)$