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	$	37,600		$	40,900
Sales					249,500
Sales Returns and Allowances		3,400
Sales Discounts		2,400
Interest Income					120
Purchases		133,400
Freight In		1,700
Purchases Returns and Allowances					1,500
Purchases Discounts					1,430
Rent Expense		8,000
Utilities Expense		2,830
Telephone Expense		1,440
Salaries Expense		65,100
Payroll Taxes Expense		5,170
Supplies Expense		1,600
Depreciation Expense		2,000
Interest Expense		240
Totals	$	264,880		$	293,450

Assume further that the owner of the firm is John Capeletti and that the John Capeletti, Drawing account had a balance of $25,700 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

Journal entry worksheet 2 3 4 Prepare the closing entry for revenue and other credit items Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry View general journal Clear entry 4 1 3 Prepare the closing entry for expenses and other debit items Note: Enter debits before credits. General Journal Date Debit Credit Dec 31, 2019 Record entry Clear entry View general journal accounts. View transaction list Journal entry worksheet 1 2 3 4 Prepare the closing entry for the balance of income summary. Note: Enter debits before credits. General Journal Date Debit Credit Dec 31, 2019 ces Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 pk Prepare the closing entry for the drawing account. Note: Enter debits before credits. General Journal Date Debit Credit Dec 31, 2019 nces Record entry Clear entry View general journal