I've been trying to figure this one out and could use some help.

Question Help McClelland Hardware Store's accounting records (partial) carried the following accounts at December 31, 2020: (Click the icon to view the financial data.) 1. Required Note: For simplicity, all operating expenses have been summarized in the accounts Selling Expenses and General and Administrative Expenses. Journalize all of this company's closing entries at December 31, 2020. The company uses the perpetual inventory system. 2 T-accounts for the Income Summary account and the J. McClelland, Capital account have been set up for you. Post to these accounts and calculate their ending balances. One year earlier, at December 31, 2019, the Capital balance was $108,000. Requirement 1. Journalize all of this company's closing entries at December 31, 2020. The company uses the perpetual inventory system First close the revenue accounts. (Record debits firsthan.condits Exclude explanations from ournal entries Journal Accounts Date Accounts December 87,750 DE Accounts Receivable Interest Revenue Accounts Payable Other Expense Cost of Goods Sold J. McClelland, Withdrawals Next close the expense accounts $ 39,500 Selling Expenses 1.400 Sales Revenue. 199,000 Interest Expense 64.500 Inventory 210,050 General and Administrative 168,000 Expenses 510,100 12,000 220,500 9 9) Journal Date Accounts 55,000 Choose from any list or enter any number in the in Print Done &ty 9 W T Click the icon to view the financial data.) Required Note: For simplicity, all operating expenses have been summarized in the accounts Selling Expenses and General and Administrative Expenses Journalize all of this company's closing entries at December 31, 2020. The company uses the perpetual inventory system. T-accounts for the Income Summary account and the J. McClelland, Capital account have been set up for you. Post to these accounts an balances. One year earlier, at December 31, 2019, the Capital balance was $108,000. 1. 2. First close the revenue accounts. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit December Next close the expense accounts. Journal Entry Date Accounts 3) Debit Credit December Choose from any list or enter any number in the input fields and then continue to the next question. 8 17 2 C W Question Help McClelland Hardware Store's accounting records (partial) carried the following accounts at December 31, 2020 Click the icon to view the financial data.) Required Note: For simplicity, all operating expenses have been summarized in the accounts Selling Expenses and General and Administrative Expenses. 1. Journalize all of this company's closing entries at December 31, 2020. The company uses the perpetual inventory system 2. T-accounts for the Income Summary account and the J. McClelland, Capital account have been set up for you. Post to these accounts and calculate their end balances. One year earlier, at December 31, 2019, the Capital balance was $108,000. Journal Entry Date Accounts Debit Credit December Now close the income or loss to the capital account. Journal Entry Accounts Debit Credit Date December Choose from any list or enter any number in the input fields and then continue to the next question. W Required Note: For simplicity, all operating expenses have been summarized in the accounts Selling Expenses and General and Administrative Expenses. 1. Journalize all of this company's closing entries at December 31, 2020. The company uses the perpetual inventory system. T-accounts for the Income Summary account and the J. McClelland, Capital account have been set up for you. Post to these accounts and calcu balances. One year earlier, at December 31, 2019, the Capital balance was $108,000. NOW cose e come or oss to the capitar account 2. Journal Entry Date Accounts Debit Credit December Finally, let's close the withdrawals account. Journal Entry Date Accounts Debit Credit December Choose from any list or enter any number in the input fields and then continue to the next question. 17 # A I W MacBook Air Question McClelland Hardware Store's accounting records (partial) carried the following accounts at December 31, 2020: Click the icon to view the financial data.) Required Note: For simplicity, all operating expenses have been summarized in the accounts Selling Expenses and General and Administrative Expenses. 1. Journalize all of this company's closing entries at December 31, 2020. The company uses the perpetual inventory system. 2. T-accounts for the Income Summary account and the J. McClelland, Capital account have been set up for you. Post to these accounts and calculate the balances. One year earlier, at December 31, 2019, the Capital balance was $108,000 JUUTTOHY Date Accounts Debit Credit December Requirement 2. T-accounts for the income Summary account and the J. McClelland, Capital account have been set up for you. Post to these accounts, and ca their ending balances. One year earlier, at December 31, 2019, the Capital balance was $108,000. (If a box is not used in the T-accounts, leave the box em not select a label or enter a zero.) Income Summary J. McClelland, Capital Choose from any list or enter any number in the input fields and then continue to the next question 17 ty ANI O w T