Pyramid Company is a small rug retailer owned and operated by Rosemary Endecott.

Question

Pyramid Company is a small rug retailer owned and operated by Rosemary Endecott. After the accounts have been adjusted on January 31, the following selected account balances were taken from the ledger:

32,200

Journalize the closing entries on January 31 in the order as presented in the chapter.

For a compound transaction, if an amount box does not require an entry, leave it blank.

Advertising Expense $ 42,500 Depreciation Expense 16,700 Freight In 9,000 Merchandise Inventory, January 1 267,700 Merchandise Inventory, January 31 321,800 Miscellaneous Expense 30,900 Purchases 804,400 Purchases Discounts 12,900 Purchases Returns and Allowances 7,700 Dividends 64,400 Salaries Expense 187,900 Sales 1,287,000 Sales Discounts 20,600 Sales Returns and Allowance

32,200

Explanation / Answer

Please provide the transaction details. Transaction details not given. Without transaction details how can I pass the journal entries.

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