QUESTION 7 (13 marks) Prepare all year-end closing entries for American Pie Company using compound entries wherever appropriate. American Pie Company uses the perpetual inventory method. On November 30, 2020, the adjusted year-end account balances of American Pie Company were as follows:- Equipment $192,500 Accounts Payable- $44,687 Rental Revenue 16,050 Accounts Receivable 35,750 Inventory 72,188 Accumulated Depreciation 33,000 Rent and Utilities Expense- 105,875 2 Depreciation Expense- 11,000 Salaries Expense- 324,500 - Cash 9,625 Sales- 1,374,625 - Cost of pods Sold 824,587 Sales Discounts 38,088 Don McLean, Capital 182,876 Unearned Revenue- 4,125 Don McLean, Withdrawals 41,250 Inventory as per actual count November 30, 2020 = $78,375. The inventory account should be adjusted to the actual count balance before doing the closing entries. Include that entry in your answer." t t e tt tt e t t t