The following selected information is for Cullumber Company for the year ended January 31, 2024:

Delivery expense

$7.300

Purchase discounts

$12.500

Freightin

6 500 Purchase returns and allowances

16.200

Insurance expense

12.000

Rent expense

20.100

Interest expense

6.200

Salaries expense

60.900

Merchandise inventory, bezjnning,

61.500

Salaries payable

2.500

Merchandise inventory, ending,

42.500

Sales

323.000

O. G. King, capital

105.000

Sales discounts

14.200

O.G. King, drawings

42.100

Sales returns and allowances

20.200

Purchases

210000

Unearned revenue

4.500

prepare the closing entries