Purchases	$186,700		Accumulated DepreciationBuilding	$23,000
Accounts Payable	8,200		Cash	20,100
Rent Expense	8,500		Sales Revenue	280,300
Building	41,100		Depreciation ExpenseBuilding	4,500
Common Stock	42,000		Dividends	25,100
Retained Earnings	22,700		Interest Expense	2,100
Merchandise Inventory, Beginning	123,000		Merchandise Inventory, Ending	102,500
Notes Payable	11,200		Purchase Returns and Allowances	21,400
Purchase Discounts	2,300

Close Income Summary.

Date

Accounts and Explanation

Debit

Credit

Dec. 31

Income Summary

Retained Earnings

To close Income Summary.