O False Using the information in the Unadjusted Trial Balance at December 31, 2019 below prepare the closing entry to close out those accounts with debit balances (only) at year end December 31, 2019. Note, the company uses a periodic inventory system and prepares its financial statements annually. $ Accounts payable.. 45,699 Accounts receivable.. 6,900 Accumulated depreciation Vehicles.. 18,000 Capital (Proprietor).. 15,274CR Cash... 21,345 Depreciation expense.. 2,000 Merchandise inventory.. 35,288 Office supplies expense. 1,200 Purchase discounts.. 1,400 Purchase returns and allowance. 2:600 Purchases.. 109,400 Rent expense. 18,000 Google Tran