From the following T accounts, journalize the closing entries dated December 31: Salary Expense H. Beal, Drawing

From the following T accounts, journalize the closing entries dated December 31:

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Salary Expense H. Beal, Drawing 68,000 - Purchases + 236,800 Sales Returns and Allowances + 8,000 - Income Summary 88,000 - + 54,000 Miscellaneous Expense + 13,200 - Freight In 15,200 Purchases Returns and Allowances + Rent Expense + 24,000 - Sales + 7,600 504,000 H. Beal, Capital Purchases Discount 104,000 + 336,000 5,600