PROBLEM 1: Prepare the Closing Entries of E COMPANY. The following accounts are part of the unarranged adjusted Trial Balance of the company as of December 31, 2019. E, CAPITAL $ E, WITHDRAWALS INTEREST EXPENSE INTEREST INCOME SALARIES EXPENSE SERVICE INCOME INSURANCE EXPENSE RENT EXPENSE DEPRECIATION EXPENSE RENT INCOME OTHER INCOME OTHER EXPENSES 110,000 7,000 1,500 11,500 40,500 55,600 4,000 8,000 7.000 65,000 9,000 4,500 2. Roller Blade Company uses the perpetual inventory system and had the following transactions during October: October 6 Purchased $1.000 of entory The seller's credit terms 210 October October 15 Returned $200 worth of detect and conduct Paid the amount de less the returned items Prepare journal entries to record each of the preceding transactions 3. On October 1, Robinson Company sold merchandise in the amount of $5,800 to Rosser, with credit terms of 2/10, n 30. The cost of the items sold is $4,000. Robinson uses the perpetual inventory system. The journal entry or entries that Robinson will make on October 1 is/are: 4. Neutron uses a periodic inventory system. Prepare general journal entries to record the following transactions for Neutron: 210. 30. FOB Julo Neutron purchased merchandise on credit from Proto for $9.000 destination Transportation costs of $150 were paid by Photo 12 Neutron returned $600 of merchandise from the June 10 purchase 19 Neutron paid Proton for the June 10 purchase Prepare the required journal entries for these transactions PROBLEM 1: Prepare the Closing Entries of E COMPANY. The following accounts are part of the unarranged adjusted Trial Balance of the company as of December 31, 2019. E, CAPITAL $ E, WITHDRAWALS INTEREST EXPENSE INTEREST INCOME SALARIES EXPENSE SERVICE INCOME INSURANCE EXPENSE RENT EXPENSE DEPRECIATION EXPENSE RENT INCOME OTHER INCOME OTHER EXPENSES 110,000 7,000 1,500 11,500 40,500 55,600 4,000 8,000 7,000 65,000 9,000 4,500