Journal entry worksheet

Record the entry to close the income statement accounts with debit balances.

Note: Enter debits before credits.

Date General Journal Debit Credit

August $31$ Income summary

Sales discounts $3,558$

Advertising expense $19,768$

Cost of goods sold $90,401$

Sales returns and allowances $15,349$

Office salaries expense $29,070$

Office supplies expense $930$

Rent expense$$Office space $2,791$