I need help in a closing entry how would I put I see the confusion. Let's adjust the format to reflect the correct distribution: | Date | Explanation | Ref | Debit | Credit | Balance | |----------|-------------------|------|--------|--------|---------| | Dec. 31 | Closing entry | J14 | | $61,000| $61,000 | | Dec. 31 | Closing entry | J14 | $10,900| | $50,100 | | Dec. 31 | Closing entry | J14 | $50,100| | $0 | This updated format correctly reflects the distribution of the amounts provided for the closing entries in the Income Summary. Debit credit and balance