Cash 100,000 Accts. Rec. 320,000 Mdse. Inv.-End. 415,000 Office Supplies 10,000 Land 300,000 Equipt. 200,000 A/P 65,000 N/P 50,000 J. Eagan, Cap. 700,000 J. Eagan, WD 200,000 Sales 4, 750,000 Sales R&A 94,000 Purchases 3, 200,000 Purchases Disc. 30,000 Freight-ln 50,000 Various Expenses 1, 500,000 Assume a beginning inventory of dollar 750,000. Make the needed closing entries