On December 31, 20X1, the Income Statement columns of the worksheet for The Sax Shop contained the following information.

Income Statement Columns	Debit			Credit
Income summary	$	39,400		$	42,700
Sales					258,500
Sales returns and allowances		4,300
Sales discounts		3,300
Interest income					210
Purchases		135,200
Freight in		2,600
Purchases returns and allowances					2,400
Purchases discounts					1,610
Rent expense		8,900
Utilities expense		3,010
Telephone expense		1,620
Salaries expense		66,900
Payroll taxes expense		5,350
Supplies expense		1,780
Depreciation expense		2,900
Interest expense		420
Totals	$	275,680		$	305,420

Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $26,600 on December 31, 20X1.

No	Date	General Journal	Debit	Credit
1	Dec 31, 20X1	Salesselected answer correct	258,500selected answer correct	not attempted
		Interest incomeselected answer correct	210selected answer correct	not attempted
		Purchases returns and allowancesselected answer correct	2,400selected answer correct	not attempted
		Purchases discountsselected answer correct	1,610selected answer correct	not attempted
		Income summaryselected answer correct	not attempted	262,720selected answer correct
2	Dec 31, 20X1	Income summaryselected answer correct	236,280selected answer correct	not attempted
		Sales returns and allowancesselected answer correct	not attempted	4,300selected answer correct
		Sales discountsselected answer correct	not attempted	3,300selected answer correct
		Purchasesselected answer correct	not attempted	135,200selected answer correct
		Freight inselected answer correct	not attempted	2,600selected answer correct
		Rent expenseselected answer correct	not attempted	8,900selected answer correct
		Utilities expenseselected answer correct	not attempted	3,010selected answer correct
		Telephone expenseselected answer correct	not attempted	1,620selected answer correct
		Salaries expenseselected answer correct	not attempted	66,900selected answer correct
		Payroll taxes expenseselected answer correct	not attempted	5,350selected answer correct
		Supplies expenseselected answer correct	not attempted	1,780selected answer correct
		Depreciation expenseselected answer correct	not attempted	2,900selected answer correct
		Interest expenseselected answer correct	not attempted	420selected answer correct
3	Dec 31, 20X1	Income summaryselected answer correct	111selected answer incorrect	not attempted
		Mark Fronke, Capitalselected answer correct	not attempted	1,111selected answer incorrect
4	Dec 31, 20X1	Mark Fronke, Capitalselected answer correct	not attempted	not attempted
		Mark Fronke, Drawingselected answer correct	not attempted	not attempted