prepare closing entries

Weygandt, Accounting Principles, Seventh Canadian Edition, Volume 1 Help I System Announcements T RESOURCES Question 2 The following selected information is for Pharoah Company for the year ended January 31, 2017 $12,000 $6,500 Purchase discounts Freight in Freight out 16,300 20,100 60,800 2,500 325,000 14,000 20,500 4,500 Purchase returns and allowances 7,500 12,000 Rent expense sults by Study Insurance expense 6,000 Salaries expense 61,400 42,000 Sales 105,000 Sales discounts 42,100 211,000 Interest expense Merchandise inventory, beginning Merchandise inventory, ending O. G. Pogo, capital O. G. Pogo, drawings Purchases Salaries payable Sales returns and allowances Unearned sales revenue (b) Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not ind account titles and enter O for the amounts.) Debit Account Titles and Explanation Date Jan. 31 (To close income statement account with credit balances) Jan. 31 MacBook Pro F8 F7 F6 F5 F4 F3 F2 F1 6 4 3 2