The adjusted trial balance of Fifi's Fine Foods at December $31,2020,$ follows:

$($i$)($Click the icon to view the adjusted trial balance.$)$

Required

Journalize the closing entries, assuming that Fifi's Fine Foods uses the perpetual inventory system.

Determine the December $31,2020,$ Capital balance for Fifi's Fine Foods.

Requirement $1.$ Journalize the closing entries, assuming that Fifi's Fine Foods uses the perpetual inventory syste

Close the revenue account. $($Record debits first, then credits. Exclude explanations from journal entries.$)$