Can I get some help with the closing entries please?

Close with revenue account?

close the expense account?

close the income or loss capital account?

close the withdrawals?

McGregor Hardware Store's accounting records (partial) canied the following accounts at February 29, 2020: 0 (0|ch the Icon to View the tlnanclal data.) Required Note: For simplicity. all operating expenses have been summarized in the accounts Selling Expenses and General and Administrative Expenses. 1. Journalize all of this company's closing entries at February 29, 2020. The company uses the perpetual inventory system. 2. T-accounts for the Income Summary account and the J. McGregor, Capital account have been set up for you. Post to these accounts and calculate their ending balances. One year earlier, at February 28, 2019, the Capital balance was $120,000. Requirement 1. Journalize all of this company's closing entries at February 29, 2020. The company uses the perpetual inventory system. First close the revenue accounts. (Record debits rst. then credits. Exclude explanation; from journal entries.) Journal Entry 0 Accounts Accounts Receivable ........ $ 49,000 Selling Expenses ........... $ 351,000 Interest Revenue 2,000 Sales Revenue 2,120,000 Accounts Payable 203,000 Interest Expense 16,000 Other Expense 226,000 Cost of Goods Sold General and Administrative J. Thompson, Withdrawals . . . . 186,000 Expenses 226,000