Presented below is information related to Sandhill co owned by D. Taylor for the month of January 2024

Ending inventory per perpetual record $22300

Ending inventory actually on hand 18900

Cost of good sold 205000

Delivery expense 8100

Insurance expense 13100

Rent expense 20100

Salaries expense 55400

Sales discount 10300

Sales return and allowance 12900

Sales 378000

Date Account Titles Debit Credit

Jan 31

To close income statement amount with credit balance

Jan 31

To close income statement account with debit balance

Jan 31

To close income statement account