From the partial worksheet in Figure journalize the closing entries for December 31 for G. JacksonCo.

G. JACKSON CO WORKSHEET FOR YEAR ENDED DECEMBER 31, 201x Balance Sheet Dr Income Statement Account Titles Dr. Cash Merchandise Inventor Prepaid Advertisin 8800 5200 400 100 epaid Insurance Office Equipment 21200 25100 Accounts Payable G. Jackson, Capital Income Summary Sales Sales Returns and Allowances Sales Discount Purchases Purchases Returns and Allow Purchases Discount Salaries Expense Insurance Expense Utilities Expense Plumbing Expense 5800 600 22600 800 300 08600 5500 Advertising Expense 2800 Salaries Payable 5|2|3101001| 6013101001| 2|2|001 114|97|oo (10) 603900 603900 229700 2297100 Net Income