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Rockwell RV Center's accounting records include the following accounts at December 31, 2024. (Click the icon to view the accounts and balances) Requirements 1. Journalize the required closing entries for Rockwell 2. Determine the ending balance in the Retained Eaming account CH Requirement 1. Joumalize the required closing entries for Rockwel. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Start by closing the revenue accounts for the period. Do not close expenses; wo wil do this in the next step. Date Accounts and Explanation Debit Credit Dec. 31 - X Data table $365,000 Accumulated Depreciation-Building Cash Sales Revenue $ 43,000 45,000 14,000 Cost of Goods Sold Accounts Payable Rent Expense Building Common Stock Retained Earnings Merchandise Inventory Estimated Returns Inventory Notes Receivable 23,000 109,000 112,000 680,000 10.000 55,000 15,000 4,300 1,900 Depreciation Expense Building Dividends Interest Revenue Refunds Payable Sales Discounts Forfeited Delivery Expense 8,400 240,000 2,000 29,000 600 Print Done