Closing Journal Entries The following data is for Koehn Company: Factory overhead, debit and credit balances Sales for the year Interest revenue Cost of goods sold Salaries expense Office supplies expense Depreciation expense-office equipment Utilities expense-office Bad debt expense Advertising expense Interest expense Income tax expense $198,000 875,000 900 586,000 96,000 2,100 6,000 6,200 2,000 9,000 9,700 34,000 Prepare closing journal entries for Koehn Company for the year ended December 31. DOC. POST. NO. REF. DEBIT Page: 1 CREDIT DATE ACCOUNT TITLE 1 Dec. 31 Income Summary 2 Factory Overhead (Subsidiary ledger accounts) Close factory overhead subsidiary accounts Dec. 31 Factory Overhead Income Summary Close factory overhead Dec. 31 Sales Interest Revenue Income Summary Close revenue accounts 11 Dec. 31 Income Summary Cost of Goods Sold 10 1111111111 111 II III Salaries Expense Office Supplies Expense Depreciation Expense-Office Equipment Utilities Expense-Office Bad Debt Expense Advertising Expense Interest Expense Income Tax Expense Close expense accounts 22 Dec. 31 Income Summary Retained Earnings Close income summary