On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following information. Debit Credit $ 39,600 $ 42,900 259,500 4.400 3,400 220 135,400 2,700 2.500 Income Statement Section Income Summary Sales Sales Returns and Allowances Sales Discounts Interest Income Purchases Freight In Purchases Return and Allowances Purchases Discount Rent Expense Utilities Expense Telephone Expense Salaries Expense Payroll Taxes Expenne Supplies Expense Depreciation Expense Interest Expense Totals 9.000 3.030 1,640 67,100 5,370 1.800 3.000 $ 276.00 $306.750 Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $26,700 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 2 3 Prepare the closing entry for revenue and other credit items. Note: Enter debits before credits 1. General Journal Debit Credit Date Dec 31, 2019 Record entry Clear entry View general journal Journal entry worksheet Prepare the closing entry for expenses and other debit items. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2019 Ccounts View transaction list Journal entry worksheet