Requirements 1. Joumalize the required closing entries for Robins. 2. Determine the ending balance in the capital account. Start by closing the revenue accounts for the period. Do not close expenses; we will do this in the next step. Date Accounts and Explanation Debit Dec. 31 Credit 0 Data Table Close expenses for the period. Date Dec. 31 Accounts and Explanation Debit Credit Cost of Goods Sold Accounts Payable Rent Expense $ 48,000 55,000 670,000 Accumulated Depreciation S 370,000 -Building 18,000 Cash 29,000 Sales Revenue Depreciation Expense- 117.000 Building 230,000 Robins, Withdrawals 255,000 Interest Revenue 32.000 Building Robins, Capital Merchandise Inventory Notes Receivable 8,000 50,000 5,000 Close Income Summary Date Dec. 31 Accounts and Explanation Debit Credit Print Done Close Withdrawals. Date Dec. 31 Accounts and Explanation Debit Credit Requirement 2. Determine the ending balance in the Robins, Capital account. The capital balance at December 31, 2018 is $ Choose from any list or enter any number in the input fields and then continue to the next