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. Debit Credit $ 39,600 $ 42,900 261,500 4,400 1,600 220 137,200 2,700 Income Statement Section 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 1,500 1,630 12,000 3,030 1,740 67,100 5,370 1,280 3,000 420 $ 279,440 $ 307,750 Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $30,700 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 1 2 3 4 Prepare the closing entry for revenue and other credit items. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2019 Record entry Clear entry View general journal View transaction list Journal entry worksheet