CALCULATOR PRINT Exercise SA-8 Presented below is information related to Nash Co. for the month of January 2017 Beginning inventory Ending inventory Purchases Freight-in Purchase discounts Purchase returns and allowances $32,000 25,000 203,000 7,000 5,000 9,000 Insurance expense Rent expense Salaries and wages expense Sales returns and allowances Sales revenue $12,000 19,000 54,000 13,000 355,000 dy Prepare the necessary closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent man required, select "No entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit To record ending Inventory and close accounts with credit balances) Hele 1 System Announcements MIL, ISLA Lallion, Custom WileyPLUS Course for Bronx Community College TIMER RESOURCES 2020- Account Titles and Explanation CALCULATOR PRINTER VEREC Debit Credit -3-b TE re sults by Study To record ending inventory and close accounts with credit balances) Todos os inventarios