Presented below is information related to Biossom Co, owned by D. Allen, for the month of January 2024 . Prepare the necessary adjusting entry for inventory. ICredit account titles are automatically indented when the amount is entered. De not indent manually. If no entry is requiled, select "No Entry" for the account tities and enter Ofor the amounts. Lat debit entry before credit entry] eTextbook and Media Prepare the necessary closing entries. D. Alen did not withdraw any cash during the month of lanuary. ICrndit occount tities are automatically indented when the amount is entered. Do not indent manuably if no entry bis mevir ed seloct "No Entry" for the occount tition and enter of for the amounts thi all debit entries befort credit entries.) Date Account Titles and Explanation Bebit Credit tan31 (To close income statement account with credit balance.) tan31 (To dose incoene statement accounts with debit balances) tan.32 (To dose income Summary account) eTextbook and Media