On December 31, 2019, the Income Statement section of the worksheet for Capeletti Distributors contained the following information.

Income Statement Section Debit Credit Income Summary $ 39,200 $ 42,500 Sales 257,500 Sales Returns and Allowances 4,200 Sales Discounts 3,200 Interest Income 200 Purchases 135,000 Freight In 2,500 Purchases Returns and Allowances 2,300 Purchases Discounts 1,590 Rent Expense 8,800 Utilities Expense 2,990 Telephone Expense 1,600 Salaries Expense 66,700 Payroll Taxes Expense 5,330 Supplies Expense 1,760 Depreciation Expense 2,800 Interest Expense 400 Totals $ 274,480 $ 304,090

Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $26,500 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.