Benger Engineering’s trial balance contains the following account balances at 30 June.

Required

(a) Prepare the closing entries under the perpetual inventory system.

Transcribed Image Text:

Debit Credit Inventory Belinda Benger, drawings $113 800 69 300 Sales $1.771 600 Sales returns and allowances 32 400 Discount allowed 5 700 Cost of sales 1 133 500 Freight inwards 20 400 Discount received 4 000 Selling and distribution expenses 287 800 Administrative expenses 173 000 Other finance expenses 32 900