Exercise 13.6 Recording closing entries. LO 13-5 On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following information. Income Statement Section Debit Credit $ 37,700 41,000 Income Summary Sales Sales Returns and Allowances Sales Discounts Interest Income Purchases Freight In Purchases Returns and Allowances Purchases Discounts Rent Expense Utilities Expense Telephone Expense Salaries Expense Payroll Taxes Expense Supplies Expense Depreciation Expense Interest Expense Totals 256,e00 3,450 2,450 125 133,500 1,750 1,550 1,440 8,050 2,840 1,450 65,200 5,180 1,610 2,850 250 $265,488 $294,115 Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $25,750 on December 31, 2019. Prepare the entries that should be made in the general journal to close the revenue, cost of goods sold, expense, and other temporary accounts. View transaction list Journal entry worksheet