Current Attempt in Progress The following information is available for Betty Company: Debit Credit Owner's Capital $53,000 Owner's Drawings $24,380 Sales Revenue 530,000 Sales Returns and Allowances 21,200 Sales Discounts 7,950 Cost of Goods Sold 320,120 Freight-Out 2,438 Advertising Expense 15,900 Interest Expense 20,352 Salaries and Wages Expense 56,180 Utilities Expense 19.080 Depreciation Expense 9,540 Interest Revenue 19,080 Using the above information, prepare the closing entries for Betty Company. (List all deb titles are automatically indented when amount is entered. Do not indent manually.) MacBook Air Using the above information, prepare the closing entries for Betty Company. (List all debit entries before credit entries. Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Dec. 31 Dec. 31 (To close accounts with credit balances.) Debit Credit Dec. 31 (To close accounts with debit balances.) Dec. 31 (To transfer net income to capital) (To close drawings account to capital) eTextbook and Media