a) Close out beginning Merchandise Inventory to Income Summary. Record ending Merchandise Inventory of $4,490, offset is the Income Summary.

b) Record the pre-paid insurance expired of $150

c) Record the supplies consumed of $653.70

d) Record accumulated depreciation ($5,000 office equipment; $4,000 Store Equipment; $9,000 Building)

e) Record sales salaries payable of $1,080 and office salaries payable of $520

Your check total for the adjustments column is $30,993.70 for debits and credits.

CLOSE INCOME SUMMARIES

Account Dr Cr

Sales

Sales discount $773,25

Sales R & A $855.00

Purchases

Purchases Discount $1,432.30

Purchases R & A $1,590,00

Freight In $1,910.00

Sales Salaries $57,240.00

Office Salaries $3,640.00

Payroll Tax Expense $5,592.20

Telephone Expense $2,990.00

Utilities Expense $5,370,00

Supplies Expense $2,853,70

Insurance Exp. $1,800.00

Rent Expense $9,000.00

Miscellaneous Exp, $354.00

Interest Expense $15,840.00

Delivery Expense $201.00

Bank Service $240,00

Depreciation office eqpt $5,000.00

Depreciation store eqpt $4,000.00

Inventory $6,100.00 $4,490.00

$14,513.15 $14,513.12