Chapter 2 HW Help Save &ExitSubmit Check my work 5 Exercise 2-13 Closing entries [LO2-7) American Chip Corporation's fiscal year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2018 92,000 870,000 3,500 eBook Hint int Retained Gas Sales revenue Interent revente Cost of goods sold Salarles expense Rent expense Depreciation expense Tnterest expense Insurance expense 80,000 110,000 27,000 42,000 6,200 7,200 References Required: Prepare the necessary closing entries at December 31, 2018. (f no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts using the income summary. ook int rint rences Note: Enter debits before credits. Debit Credit Date December 31, 2018 General Journal Record entry Clear entry View general journal Journal entry worksheet Record the entry to close the expense accounts using the income summary. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal Journal entry worksheet Record the entry to close the income summary account. Hint Note: Enter debits before credits Print Date December 31 2018 General Journal Debit Credit erences Record entry Clear entry View general journal