24) An adjusted trial balance for a merchandiser is given below. Debit Credit Cash Accounts Receivable Prepaid Rent Merchandise Inventory Accounts Payable Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns andd Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Selling Expense Supplies Expense Total $12,600 2,400 800 30,000 $4,200 1,000 800 10,000 3,800 1,000 96,000 1,600 400 23,000 21,000 14,000 8,500 500 115,800 115,800 Give journal entry to close the expense accounts and contra revenue accounts with a debit balance. 24) An adjusted trial balance for a merchandiser is given below. Debit Credit Cash Accounts Receivable Prepaid Rent Merchandise Inventory Accounts Payable Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Sales Returns andd Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Selling Expense Supplies Expense Total $12,600 2,400 800 30,000 $4,200 1,000 800 10,000 3,800 1,000 96,000 1,600 400 23,000 21,000 14,000 8,500 500 115,800 115,800 Give journal entry to close the expense accounts and contra revenue accounts with a debit balance