The Game Shop purchased furniture on January 1, 2023 for $12,000. The furniture will be used for eight years. The company's year-end is March 31, 2023. REQUIRED: Using the straight-line depreciation method, prepare the general journal entry to record the depreciation for the year ending March 31, 2023. Jim Bean owns a coffee shop called Bean's Company. After closing all revenues and expenses, the Income Summary account had a $33,000 debit balance. REQUIRED: Prepare the general journal entry to close the Income Summary account at the year-end December 31, 2023.