Problem 3 - Closing entries (35 points): Record all closing entries required for the following trial balance Account Debit Credit Date 12,600 2,400 900 30.000 4,200 1,000 800 13,800 Cash Accounts Receivable Prepaid Rent Merchandise Inventory Accounts Payable Salaries Payable Notes Payable Owner, Capital Owner, Withdrawals Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries Expense Rent Expense Selling Expense Supplies Expense 1,000 96,000 1,600 400 23,000 21,000 14,000 8,500 500 Totals 115,800 115,800