HELP PLEASE !!!!

Problem 4-4A Preparing closing entries and interpreting information about discounts and returns LO C2, P3 Valley Company's adjusted trial balance on August 31, its fiscal year-end, follows. It categorizes the following accounts as selling expenses: sales salaries expense, rent expense-selling space, store supplies expense and advertising expense. It categorizes the remaining expenses as general and administrative. Credit Debit $ 41,400 59,270 $ 24,800 16,400 20,500 8,400 226,400 Merchandise inventory (ending) Other (noninventory) assets Total liabilities Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Sales salaries expense Rent expense-Selling space Store supplies expense Advertising expense office salaries expense Rent expense office space Office supplies expense Totals 2,230 13,000 23,700 32,500 9,000 1,900 13.000 29,900 3,400 400 5288,100 $280, 100 Prepare closing entries as of August 31 (the perpetual inventory system is used). View transaction list Journal entry worksheet Record the entry to close income summary, Note: Enter debits before credits. General Journal Debit Credit Date Aug 31 Prepare closing entries as of August 31 (the perpetual inventory system is used). View transaction list Journal entry worksheet