All paper. Good feed back. Thanks anticipated.

Exercise 4. Following is the year-end adjusted trial balance for Fred's Corner Grocery for the current year: Fred's Corner Grocery Adjusted Trial Balance December 31 Dr. $ 67,500 46,000 60,000 800 $ 16,000 850 125,630 45,000 550,000 Cash......... Accounts receivable.... Merchandise inventory............ Store supplies.................... Accounts payable.... Salaries payable.................... F. Brewster, Capital... F. Brewster, Withdrawals................ Sales. Sales returns & allowances... Sales discounts...... Cost of goods sold.. Sales salaries expense.................. Advertising expense......... Store salaries expense............ Store supplies expense......... Interest expense............ Totals......... ............... ......... 4,500 4,250 382,450 44,000 8,150 24,325 450 5,055 $692,480 $692,480 Prepare the closing entries at December 31 for the current year