P$5-88$ The adjusted trial balance of Harrison Trading Company at September $30,2020,$ appears below. Harrison Trading Company uses the perpetual inventory system. Req. $11-$ Journalize Harrison Trading Company's closing entries. $2-$Compute the gross margin percentage and the rate of inventory turnover for $2020,$ rounded to one decimal place. Inventory on hand at September $30,2019,$ was

$$40,000$

$.$ For $2019,$ Harrison Trading Company's gross margin percentage was $34\mathrm{.}8$ percent and the inventory turnover rate was $39$ times. Does the two$-$year trend in these ratios suggest improvement or deterioration in $*$ Req. $1$ Harrisnn Tradinn Comnanu