Use the partial chart of accounts given here. For each closing entry described, decide which accounts are debited and credited. Enter Debit or Credit in the column of the appropriate accounts.

Account Titles	Account No.
K. Schenk, Capital	310
K. Schenk, Drawing	320
Income Summary	330
Sales	410
Advertising Expense	510
Insurance Expense	520
Supplies Expense	550

	310	320	330	410	510	520	550
12. Closing entry for Sales. (p. 217)
34. Closing entry for all expense accounts. (p. 219)
56. Closing entry for Income Summary with a net income. (p. 220)
78. Closing entry for Income Summary with a net loss. (p. 220)
910. Closing entry for owner's drawing account. (p. 221)