Knowledge Check 01 Merchandise Inventory includes: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as Incorrect.) costs to purchase costs to sell shipping costs costs to prepare for sale cost of goods sold Knowledge Check 01 The company's adjusted trial balance includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000, Accounts Payable, $10,000, Retained earnings, $63,500; Dividends, $2,000, Sales, $56,000; Sales Returns and Allowances, $3,000; Sales Discounts, $1,500; Depreciation Expense, $25,000, and Salaries Expense, $23,000. All accounts have normal balances. Prepare the second closing entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns Answer is not complete. No Date Debit Credit 1 Dec. 31 General Journal Income summary Sales returns and allowances Depreciation expense Salaries expense 56,000 3,000 25,000 23,000