D & T Printing Supplies’ accounting records include the following accounts at December 31, 2024.

Requirements
1. Journalize the required closing entries for D & T Printing Supplies assuming that D & T uses the periodic inventory system.
2. Determine the ending balance in the Treat, Capital account.

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Purchases Accounts Payable Rent Expense Building Treat, Capital Merchandise Inventory, Beginning Notes Payable Purchase Discounts Accumulated Depreciation Building $ 187,900 Cash 7,900 Sales Revenue 8,000 Depreciation Expense-Building 40,900 Treat, Withdrawals 50,100 Interest Expense 117,000 Merchandise Inventory, Ending 10,700 Purchase Returns and Allowances 3,000 Freight In 18,000 $ 21,200 297,100 4,800 27,200 1,000 103,500 21,900 700