what is the recorded to close the revenue accounts and recorded the entry to close the expense accounts?

On January 1, 2024, the general ledger of Big Blast Fireworks includes the following account balances: The $46,000 beginning balance of inventory consists of 460 units, each costing $100 During January 2024 , Big Biast Fireworks had the following inventory transactions: January 3 Purchase 1,450 units for $158,050 an accosnt (\$169 each). January is Purchase 1,550 units for $176,760 on accosint ( $124 each). January 12 purchose 1,650 undts for $196,$50 on account (\$119 each). January 15 Return 183 of the unite purchased on January 12 because af defects. January 15 Sel1 4 , boe units on necount for $720, 000. the coit of the units sold is determined using a firo perpetual inventary systen. January 22 Iecelve $705, e0e fron custoeers on accounts recelvable. 2bnuary 24 Pay $500,003 to inventory suppliers on accounts payable. jenuary 27 .rite off eccounts recelvable as uncollectible, $2,500. zanuary 3B iay cosh for salarles dur ing January, $125,000. The followang information is avallable on January 31,2024 a. At the end of January, the company estimates that the remaining units of inventory purchased on January 12 are expected to sel in February for only 5100 each. [Hint Determine the fimber of units rectaining from January 12 after subtracting the unts returned on January 15 and the units assumed sold (FiFO) on January 19. b. The company iecotds an adjusting entry for $3,530 for estimated future uncollectible accounts. c. The company accrues interest on notes payable for fanuary Interest is expected to be paid each December as d the compary accrues income taxes at the end of Jariuary of $13.900 Record the entry to close the revenue accounts. Note: Enter debits before credits. Record the entry to close the expense accounts. Note: Enter debits before credits