Return to Blackboard PLUS Weygandt, Financial Accounting: IFRS, 3e Help System Announcements Eudy & Practice Assignment Gradebook ORION Downloadable eTextbook en Assignment TIMER CALCULATOR F SOURCES Question 2 Sheffield Corp. has the following account balances: Sales Revenue 204,870, Sales Discounts 3,970, Cost of Goods Sold 116,360, and Inventory 49,750. Prepare the entries to record the closing of these items to Income Summary. (Credit account titles are automatically indented when amount is entered. Do Account Titles and Explanation Debit Credit ey Study (To close accounts with credit balances.) (To close accounts with debit balances.) Question Attempts: 0 of 1 used S