Presented is information related to Rogers Co. for the month of January 2010.

	Ending inventory per perpetual records	$21,600
	Ending inventory actually on hand	21,000
	Cost of goods sold	218,000
	Freight out	7,000
	Insurance expense	12,000
	Rent expense	20,000
	Salary expense	61,000
	Sales discounts	10,000
	Sales returns and allowances	13,000
	Sales	350,000

Instructions

(a) Prepare the necessary adjusting entry for inventory.

(b) Prepare the necessary closing entries.