6. JULI ournalize the closing entries. pare a post-closing trial balance. e. Prepare a post-clo Financial Statement At the end of Donaldson Department Store's fiscal year on 30, 2020, these accounts appeared in its adjusted trial balance. P5.64 (LO 5, 7) Finan November 30, 2020. th Determine gross profi $ 7,500 Freight-In Inventory Purchases Purchase Discounts Purchase Returns and Allowances Sales Revenue Sales Returns and Allowances 40,000 585,000 6,300 2,700 1,000,000 20,000 Additional facts: 1. Merchandise inventory on November 30, 2020, is $52,600. 2. Donaldson Department Store uses a periodic system. Gra Instructions Prepare an income statement through gross profit for the year ended November 30, 2020