Question: I need help with journalizing the closing entry for the income summary. As you can see it marked me wrong and I don't know why.

I need help with journalizing the closing entry for the income summary. As you can see it marked me wrong and I don't know why. Please correct me. Thank you in advance :)

why. Please correct me. Thank you in advance :) Journalize the closing

Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 Service Revenue 10538|| Sales Revenue IL 18788 | Income Summary (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary Sales Discounts 165 Cost of Goods Sold 6000 | Salaries and Wages Expense 5475 Rent Expense 562 | Depreciation Expense 375 1440 | Supplies Expense (To close expense accounts and other accounts with debit balances.) Nov. 30 Income Summary Retained Earnings (To close income summary.) Income Summary Close Close 18788 Close 11/30 Bal. incial A 11/1 Bal. 11/8 11/10 11/11 11/12 11/15 11/19 11/20 11/22 11/25 11/27 11/28 11/29 11/30 11/30 Bal. Close Adj. Close

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