Cullumber Store is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2022, the following accounts appeared in two of its trial balances. Unadjusted Adjusted Unadjusted Adjusted $25.900 $25,900 Notes payable $36,500 $36,500 Accounts Payable Accounts Receivable 30,200 30,200 Owner's Capital 84,500 84,500 Accumulated Depr.-Equipment 34.000 45,000 Owner's Drawings 9,500 9,500 Cash 26,500 26,500 Prepaid Insurance 11,000 3,400 Cost of Goods Sold 506,000 506,000 Property Tax Expense 2,500 Freight-Out 5.100 5,100 Property Taxes Payable 2,500 Equipment 145,500 145,500 Rent Expense 15,000 15,000 Depreciation Expense 11,000 Salaries and Wages Expense 96,000 96,000 Insurance Expense 7,600 720,000 720,000 Sales Revenue Sales Commissions Expense Interest Expense 6,500 6,500 6,500 11,000 Interest Revenue 1.900 1,900 4,500 Sales Commissions Payable Sales Returns and Allowances Inventory 28,500 28,500 8,000 8.000 Utilities Expense 8,500 8,500 (b) Journalize the adjusting entries that were made. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To adjust depreciation on equipment) Nov. 30 (To adjust insurance expense) Nov. 30 (To adjust property tax expense) Nov. 30 (To adjust sales commissions expense) Journalize the closing entries that are necessary. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close accounts with credit balances) Nov. 30 (To close accounts with debit balances) Nov. 30 (To close net income / (loss)) Nov. 30 (To close drawings)