Telluny expenses as yerel di dnu du Suduve. Merchandise inventory(ending) Other (noninventory) assets Total liabilities K. Valley, Capital K. Valley, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense Office salaries expense Rent expense-Office space Office supplies expense Totals Debit Credit $ 41,000 130,400 $ 25,000 104,550 8,000 225,600 2,250 12,000 74,500 32,000 8,000 1,500 13,000 28,500 3,600 400 $355,150 $355, 150 Beginning merchandise inventory was $25,400. Supplementary records of merch reveal the following itemized costs. Invoice cost of merchandise purchases Purchases discounts received Purchases returns and allowances Costs of transportation-in $ 92,000 2,000 4,500 4,600 Record the entry to close the income statement accounts with credit balances. Note: Enter debits before credits. Debit General Journal Date Credit Aug 31 Journal entry worksheet