Exercise 13.6 (Algo) Recording closing entries. LO 13-5 On December 31, 20x1, the Income Statement columns of the worksheet for The Sax Shop contained the following informaaor Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $26,30 December 31, 201 Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other te accounts