Journalizing closing entries$$periodic inventory system

D & T Printing Supplies$$ accounting records include the following accounts at

December $31,2024.$

Purchases $ $187,900$ Cash $ $21,200$

Accounts Payable $7,900$ Sales Revenue $297,100$

Rent Expense $8,000$ Depreciation Expense$$Building $4,800$

Building $40,900$ Treat, Withdrawals $27,200$

Treat, Capital $50,100$ Interest Expense $1,000$

Merchandise Inventory, Beginning $117,000$ Merchandise Inventory, Ending $103,500$

Notes Payable $10,700$ Purchase Returns and Allowances $21,900$

Purchase Discounts $3,000$ Freight In $700$

Accumulated Depreciation$$Building $18,000$

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