Rockside RV Center's accounting records include the following accounts at December 31, 2018. E (Click the icon to view the accounts and balances.) Requirements 1. Journalize the required closing entries for Rockside. 2. Determine the ending balance in the capital account. Requirement 1. Journalize the required closing entries for Rockside. (Record debits first, then credits. Select the explanation on the last line of the journal entry lable.) Start by closing the revenue accounts for the period. Do not close expenses; we will do this in the next step. Debit Accounts and Explanation Date Credit Dec. 31 O Data Table Close expenses for the periad. Date Accounts and Explanation Credit Debit Cost of Gods Sold $ 366,000 Accumulated Depreciation-Building $ 48,000 Dec. 31 Accounts Payable 49,000 20.000 Cash Rent Expense 710,000 22,000 Sales Revenue Building 112,000 Depreciation Expense-Building 9,000 235,000 Rockside, Withdrawals 50,000 Rockside, Capital Merchandise Inventory 260.000 Interest Revenue 15,000 38,000 Notes Receivable Close Income Summary. Print Done Accounts and Explanation Debit Credit Date Dec. 31 Close Withdrawals. Accounts and Explanation Date Debit Credit Dec. 31 Requirement 2. Determine the ending balance in the Rockside, Capital account. The capital balance at December 31, 2018 is $