Prepare the Closing Entries from the Following Information on the PC

Essay

Prepare the closing entries from the following information on the PC Pros Company worksheet income statement columns.
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Income Statement }$
$\begin{array}{lrr} & \text { Debit } & \text { Credit } \\\text { Sales } & & 20 \\\text { Sales Ret. and Allow. } & 1 & \\\text { Income Summary } & 5 &6 \\\text { Purchases } & 14 & \\\text { Pur. Ret. and Allow. } & &2 \\\text { Insurance Expense } & 3 &\\\text { Office Salaries Expense }&1&\end{array}$