Can I get this explained Please

Exercise 8-30 (Algo) General ledger exercise; inventory transactions [LO8-1, 8-2, 8-3, 8-4, 85,86,87,88] On January 1, 2024, Displays incorporated had the following account balances From January 1 to December 31 , the following summary transactions occurred: a. Purchased inventory on account for $347,000. b. Sold inventory on account for $655,000. The cost of the inventory sold was $327,000. c. Received $590.000 from customers on accounts teceivable. d. Paid freight on inventory received, $41,000. e. Paid $337,000 to inventory suppliers on accounts payable of $346,000. The difference reflects purchase discounts of $9.000. f. Paid rent for the current year, $59,000. The payment was recorded to Rent Expense. g. Paid salaries for the current year, $167,000. The payment was recorded to Salaries Expense. Year-end adjusting entries: a. Supplies on hand at the end of the year are $5,000. b. Accrued interest expense on notes payable for the year, c. Accrued income taxes at the end of December are $35,000. Complete this question by entering your answers in the tabs below. Prepare the joumal entries for transactions. Note: If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field