Score: 0 of 6 pts 18 of 18 (17 complete) XS5B-16 (similar to) DAL Printing Supplies's accounting records include the following accounts at December 31, 2018 I! (Click the icon to view the accounts and balances.) Requirements 1. Journalize the required closing entries for D&L Printing Supplies assuming that DSL uses the periodic inventory system. 2. Determine the ending balance in the Retained Earnings account Requirement 1. Joumalize the required closing entries for D&L Printing Supplies assuming that D&L uses the periodic inventory system. (Record debits first, then credits. Se Start by closing the revenue and other credit accounts and record ending merchandise inventory Date Accounts and Explanation Debit Credit Dec. 31 upplies assuming that D&L uses the periodic inventory system. Data Table explar Purchases Accounts Payable Rent Expense Building Common Stock Retained Earnings Merchandise Inventory, Beginning Notes Payable Purchase Discounts $ 189,700 Accumulated Depreciation Building 8,000 Cash 9,300 Sales Revenue 49,700 Depreciation Expense-Building 45,000 Dividends 24,700 Interest Expense 120,000 Merchandise Inventory, Ending 11,800 Purchase Returns and Allowances 3,400 $ 24,000 17,500 281,000 3.100 27,600 2,200 100,100 21,200 Print Done elds and then click Check