complete the closing entries sheet by closing all temporary income statement amounts to create cloaing entries.

Peyton Approved Income Statement For Qtr. Ending 9/30/2018 Revenues: Bakery Sales $55,000.00 221.00 55,221.00 erchandise Sales Total Revenues Cost of Goods Sold Gross Profit (FIFO) 157.6 55,063.40 Operating Expenses: Baking Supplies Expenses Rent Expenses Interest Expenses Depriciation Expense 17,400.00 4,500.00 50.00 250.00 250.00 550.00 375.00 200.00 1,956.00 150.00 2,400.00 28,081.00 isc. Expense Office Supplies Expense Business License Expense dvertising Expense ages Expense Telephone Expense Insurance Expense Total Operating Expenses: Net Income (FIFO) 26,982.40 Peyton Approved Statement of Retained Earnings For Qtr. Ending 9/30/2018 Beginning Balance: 26,982.00 10,000.00 16,982.40 plus Net Income (FIFO) less Dividends: Ending Balance (FIFO): Peyton Approved Closing Entries 5 Qtr ending 9/30/2018 Debit Credit Date Accounts 30-Sep Bakery Sales Merchandise Sales Income Summary 30-Sep Income Summary (FIFO Baking Supplies Expense Rent Expense Wages Expense Office Supplies Expense Business License Expense Misc. Expense Depreciation Expense Advertising Expense Interest Expense Telephone Expense COGS FIFO 30-Sep Income Summary (FIFO) Retained Earnings FIFO 30-Sep Retained Earnings Dividends