Presented below is information related to Withorse Cowed by and for the month of Mary 2017 Ending inventory per perpetual records $20,500 Inance expense $11,300 Ending inventory actually on hand 17,200 Bent expense 20,800 Cost of goods sold 214,000 salaries expense 54,800 Freight out 5,800 Sales discount Sales returns and allowances 12,100 Salon 309,000 Prepare the necessary adjusting entry for inventory. (Credit contites are automatically inderted when the went is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Dabis Credit Date Account Titles and Explanation Jan. 31 LINK TO TEXT Prepare the necessary closing entries. D. Flamont did not withdraw any cash during the month of January (Credit account titles are automatically indented when the amount is entered. Do not inde manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 31 (To close income statement account with credit balances) Jan. 31