the accounts and balances A Data Table $ 369,000 19,000 $ 40,000 51,000 bft 28,000 695,000 116,000 18,000 Cost of Goods Sold Accounts Payable Rent Expense Building Common Stock Retained Earnings Merchandise Inventory Estimated Returns Inventory Notes Receivable 122,000 Accumulated DepreciationBuilding Cash Sales Revenue Depreciation ExpenseBuilding Dividends Interest Revenue Refunds Payable Sales Discounts Forfeited Delivery Expense 2,900 233,000 57,000 16,000 5,000 su 1,800 1,000 1,100 26,000 Print Done Requirement 1. Journalize the required closing entries for Rodney. (Record debits first, then credits. Select the explanation ont 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 Credit Dec. 31 Sales Revenue 695,000 Interest Revenue 16,000 Income Summary 711000