Need closing enteries

36 - The Income Statement and Balance Sheet columns below are from the work sheet of a merchandising Arm, J. D. Enterprise, for the year ended December 31, 20--. Required: Prepare the closing entries for the merchandising firm. J. D. Enterprise Work Sheet (partial) For the year ended December 31, 20-- Account Title Income Statement Balance Sheet Debit Credit Debit Credit Cash 4, 000 Accounts Receivable 12, 500 Merchandise Inventory 8, 000 Store Supplies 550 Office Supplies 300 Prepaid Insurance 750 Store Equipment 33, 000 Accumulated DepreciationStore Equipment 19, 000 Office Equipment 9 , 000 Accumulated Depreciation[Office Equipment 5, 000 Accounts Payable 9, 000 Salaries Payable 200 Long-Term Notes Payable 18, 000 J. D. Allen, Capital 25 , 300 J. D. Allen, Drawing 16, 000 Income Summary 8 , 500 8 , 000 Sales 29, 900 Sales Returns and Allowances 250 Purchases 11, 500