Marlow’s WatersEdge Hotel operates a periodic inventory system with respect to its cleaning supplies. A year-end stock-take has identified a balance of £4,200 cleaning supplies held on 31st December 20X1. e cleaning supplies stock account, which has not been adjusted since the previous year-end stock-take, reflects a debit balance of £3,400. roughout the year, all cleaning supplies purased have been debited to the “cleaning supplies purases” account, which has a closing debit balance of £36,000. In addition, any returns to suppliers have been credited to a “cleaning supplies returns” account, which has a year-end closing balance of £1,020.

Required:
Using appropriately titled “T-accounts”, make all required adjusting and closing entries.