The following account balances appear in the Income Statement section of Fujisan Cameras' worksheet:

Instructions: 1. Journalize the closing entries for the year ended December 31. 2. Post the closing entries to the general ledger accounts.

PLEASE FOLLOW THESE INSTRUCTIONS

ACCOUNT NAME ACCT No INCOHE STATEHENT Debit Credit 310 401 410 501 505 510 515 4,000.00 5,000.00 5,000.00 Income Summar Sales Sales Return and Allowances Purchases Transportaton In Purchase DISCounts Purchase Returns and Allowances Federal Corporate Income Tax Exp Miscellaneous Expense Rent Expense Supplies Expense Uilities Expense 150,000.00 90,000.00 1,00000 1,500.00 620 4,70000 645 $50 660 670 300.00 6,000.00 1,630.00 3,000.00 119,63000 152,50000 32,870.00 152,50000 152,50000