On December 31, 20X1. the Income Statement columns of the worksheet for The Sax Shop contained the following Information. Income Statement Columns Income summary Sales Sales returns and allowances Sales discounts Interest income Purchases Freight in Purchases returns and allowances Purchases discounts Rent expense Utilities expense Telephone expense Salaries expense Payroll taxes expense Supplies expense Depreciation expense Interest expense Total Debit credit $ 39,300 $ 42, 600 258.000 4,250 3,250 205 135, 100 2,550 2,350 1,600 8,950 3,000 1 610 66, 900 5,340 1,70 2,950 410 $275,000 $304,755 Assume further that the owner of the firm is Mark Fronke and that the Mark Fronke, Drawing account had a balance of $26,550 on December 31, 20X1. Prepare the entries that should be made in the general Journal to close the revenue, cost of goods sold, expense, and other temporary accounts Journal entry worksheet 2 3 Record the closing entry for revenue and other credit items. Note: Enter debits before credits General Journal Debit Date Dec 31, 20X1 Credit Record entry Clear entry View general journal Journal entry worksheet Record the closing entry for the balance of income summary. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general journal Journal entry worksheet Record the closing entry for the drawing account. Note: Enter debits before credits Date Dec 31, 20X1 General Journal Debit Credit Record entry Clear entry View general journal