1)Below is a partial listing of accounts in the general ledger of Carey Co. Carey uses a periodic inventory system.

Place an X in the appropriate column to designate whether the account should be closed at year end and, if so, whether the appropriate closing entry would require a debit or credit to the account.

Not Closed

Account Closed Debit Credit [20]

1. Purchase Returns and Allowances

2. Freight In

3. Sales

4. Merchandise Inventory (Ending)

5. Sales Returns and Allowances

6. H. Carey, Drawings

7. Freight Out

8. H. Carey, Capital

9. Merchandise Inventory (Beginning)

10. Cash