De Luca Produce Company's adjusted trial balance at December 31, 2020, is as follows. (Click the icon to view the adjusted trial balance.) Required 1. Journalize the closing entries of De Luca Produce Company assuming that the perpetual inventory system is used. 2. Determine the December 31, 2020, balance in the Capital account. Requirement 1. Journalize the closing entries of De Luca Produce Company assuming that the perpetual inventory system is used. (Record debits first, then credits. Explanations are not required.) Start with closing the revenue account. Journal Entry Date Accounts Debit Credit Dec. 31