From the following partial worksheet, journalize the closing entries of December 31 for A. Slow Co. A.

From the following partial worksheet, journalize the closing entries of December 31 for A. Slow Co.

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A. SLOW CO. WORKSHEET FORYEAR ENDED DECEMBER 31, 2013 Income Statement Balance Sheet Account Titles r. r. r. 193 00 45000 56100 3000 r. Cash Merchandise Inventory Prepaid Advertising Prepaid Insurance Office Equipment Accum. Amort., Office Equip. Accounts Payable 108000 21000 25800 96600 A. Slow, Capital 36200 45000 Income Summary Sales Sales Returns and Allowances Sales Discounts Purchases Purchases Returns and Allow. Purchases Discounts Salaries Expense Insurance Expense Utilities Expense Plumbing Expense 552000 223 00 10800 2628 00 3400 5 100 1083 00 696 00 4800 5700 Advertising Expense Amort. Expense, Office Equip. Accrued Salaries 1500 3000 7500 525000 60500 231400 150900 805 00 6055 00 605500 231400231400 Net Income 80500