The following trial balance was taken from the books of Eaton Corporation on December 31, 20X6.

Account	Debit	Credit
Cash	$10,000
Accounts Receivable	40,000
Notes Receivable	7,000
Allowance for Doubtful Accounts		$0
Inventory, January 1, 20X6	51,000
Prepaid Insurance	4,800
Supplies	7,300
Furniture and Equipment	120,000
Accumulated Depreciation of F & E		15,000
Accounts Payable		10,800
Common Stock		44,000
Retained Earnings		65,000
Sales		290,000
Purchases	131,000
Purchase Returns		11,300
Salaries Expense	50,000
Rent Expense	15,000
Totals	$436,100	$436,100

At year- end, adjusting entries need to be recorded for the following:

Inventory at December 31, $64,500 (periodic inventory procedures).

From how I understand it the entry should look like a debit to Inventory (ending), Purchase Returns & allowances and Cost of Goods Sold and a credit to Purchases and Inventory. But it is not balancing and I cannot figure out where I am going wrong or if I'm missing something. here's what I have:

Inventory (ending) 64,500

Purchase Expense 131,000

Cost of goods Sold 117,500

Returns 11,300

Inventory (beginning) 51,000

Cost of goods sold was found via: 51,000 + 131,000 64,500 = $117,500