Inventory $ $9,750,000$

Accounts Payable $ $9,750,000$

Cash $ $63,000$

Unearned Rent Revenue $ $63,000$

Accounts Payable $ $9,750,000$

Cash $ $9,555,000$

Inventory $ $195,000$

Prepaid Insurance $ $20,000$

Cash $ $20,000$

Inventory $ $12,134,000($$$12,125,000+$ $$9$k shipping$)$

Accounts Payable $ $12,134,000$

Cash $ $5,367,000$

Sales Revenue $ $45,421,000$

Accounts Receivable $ $40,054,000$

Cost of Goods Sold $ $13,250,000$

Inventory $ $13,250,000$

Accounts Payable $ $12,134,000$

Cash $ $12,134,000$

Patents $ $90,000$

Cash $ $90,000$

Cash $ $650,620$

Common Stock $ $10,460$

Additional Paid$-$In Capital $ $640,160$

Land $ $124,600$

Cash $ $124,600$

Notes Receivable $ $200,000$

Cash $ $200,000$

Accounts Receivable $ $20,000,000$

Sales Revenue $ $20,000,000$

Cost of Goods Sold $ $6,350,000$

Inventory $ $6,350,000$

Equipment $ $895,280$

Cash $ $895,280$

Cash $ $43,758,000$

Accounts Receivable $ $43,758,000$

Cash $ $10,000$

Accumulated Depreciation $($equipment$)$ $ $38,000$

Loss on Sale $ $7,000$

Equipment $ $55,000$

Income Tax Expense $ $2,000,000$

Cash $ $2,000,000$

Salary and Wages Expense $ $43,750$

Cash $ $43,750$

Bad Debt $ $3,000$

Accounts Receivable $ $3,000$

Cash Dividend $ $8,000$

Cash $ $8,000$

Check figures: Total debits should equal total credits. $185,404,400185,404,400$

$ $176,700,250$ $ $176,700,250$

cash $ $31,500$

rent revenue $ $31,500$

Insurance Expense $ $16,670$

Prepaid Insurance $ $16,670$

Interest Receivable $ $3,000$

Interest Revenue $ $3,000$

Bad Debt Expense $ $250,000$

Allowance For Bad Debts $ $250,000$

Depreciation Expense $ $2,556,000$

Accumulated Depreciation $ $2,556,000$

Amortization Expense $ $3,000$

Accumulated Amortization $ $3,000$

$ $179,560,420$ $ $179,560,420$

Check figures: Total debits should equal total credits. $188,256,357188,256,357$

please prepare closing entries for these journal entry transactions.