Journalizing closing entries—perpetual inventory [5-10 min]Rockwell RV Center, Inc.’s acco...

Journalizing closing entries—perpetual inventory [5-10 min]

Rockwell RV Center, Inc.’s accounting records include the following accounts at December 31, 2012:

Requirement

1. Journalize the required closing entries for Rockwell RV Center for December 31, 2012.