The Income Statement and Balance Sheet columns below are from the work sheet of a ID: B D. Enterprise, for the year ended December 31, 20- Required: Prepare the closing entries for the merchandising firm. J. D. Enterprise Work Sheet (partial) year ended December 31, 20- Account Title

Prepare the dosing entries for the merchandising firm. If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Dec. 31 Income Summary 22,350 Purchases Returns and Allowances 2502 6 Dec. 31 Income Summary Sales Returns and Allowances Purchases Sales Salary Expense Office Salary Expense Store Supplies Expense Office Supplies Expense Insurance Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment 17 Dec 31 Income Summary 18 . D. Allen, Capital 7,600 Prepare the dosing entries for the merchandising firm. If an amount box does not require an entry, leave it blank. Page: 1 DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Dec. 31 Income Summary 22,350 Purchases Returns and Allowances 2502 6 Dec. 31 Income Summary Sales Returns and Allowances Purchases Sales Salary Expense Office Salary Expense Store Supplies Expense Office Supplies Expense Insurance Expense Depreciation Expense-Store Equipment Depreciation Expense-Office Equipment 17 Dec 31 Income Summary 18 . D. Allen, Capital 7,600