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	$	38,500		$	41,800
Sales					254,000
Sales Returns and Allowances		3,850
Sales Discounts		2,850
Interest Income					165
Purchases		134,300
Freight In		2,150
Purchases Returns and Allowances					1,950
Purchases Discounts					1,520
Rent Expense		8,450
Utilities Expense		2,920
Telephone Expense		1,530
Salaries Expense		66,000
Payroll Taxes Expense		5,260
Supplies Expense		1,690
Depreciation Expense		2,450
Interest Expense		330
Totals	$	270,280		$	299,435

Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $26,150 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.

prepare general journal