1. The trial balance for a commercial vendor prior to the following journal entries is as follows. The physical inventory count at the end of the accounting year reveals $28,000 of inventory on hand. (Assume a perpetual inventory system.)

	debt		Credit
advance	$12,600
accounts receivable	2400
Re-Help Hire	800
goods inventory	30.000
accounts payable			42000
Salaries Payable			1.000
Notes			800
yung capital			13.800
yung, withdrawal	1.000
sales revenue			96.000
cost of goods sold	23.000
Submit the expense	2.000
Salary expenses	21.000
Rent	14.000
selling expense	8.500
you are lying	500
Total		1.15.800		1.15.800

Prepare the journal entry and prepare all closing entries to post the stock contraction