D & S Printing Supplies accounting records include the following accounts at December 31, 2015. Requirements 1. Journalize the required closing entries for D &

D & S Printing Supplies’ accounting records include the following accounts at December 31, 2015.

Requirements
1. Journalize the required closing entries for D & S Printing Supplies assuming that D & S uses the periodic inventory system.
2. Determine the ending balance in the Retained Earningsaccount.

184,680 Accumulated Depreciation- Building Purchases Accounts Payable Rent Expense Building Common Stock Retained Earnings Merchandise Inventory, Beginning Sales Returns and Allowances Notes Payable Purchase Discounts 15,600 17,200 278,400 4,800 24,400 3,600 2,000 104,400 20,600 8,400 Cash 8,400 Sales Revenue 43,200 Depreciation Expense Building 50,000 Dividnds 33,520 Sales Discounts 115,000 Interest Expense 15,680 10,640 3,400 Merchandise Inventory, Ending Purchase Returns and Allowances