nment/takeAssignmentMain.do?invoker=8takeAssignmentSessionLocator=&inprogress=false Book Closing Entries using Periodic Inventory System Instructions Chart of Accounts Journal Instructions United Rug Company is a small rug retailer owned and operated by Pat Kirwan After the accounts have been adjusted on December 31, the following selected account balances were taken from the ledger $32,000 12,430 13,280 Advertising Expense Depreciation Expense Freight in Merchandise inventory, January 1 Merchandise Inventory, December 31 Miscellaneous Expense Purchases Purchases Discounts Purchase Rahme and Anna 375,850 483,030 9,610 1,767,500 32,020 4152 nment/takeAssignmentMain.do?invoker=8takeAssignmentSessionLocator=&inprogress=false Book Closing Entries using Periodic Inventory System Instructions Chart of Accounts Journal Instructions United Rug Company is a small rug retailer owned and operated by Pat Kirwan After the accounts have been adjusted on December 31, the following selected account balances were taken from the ledger $32,000 12,430 13,280 Advertising Expense Depreciation Expense Freight in Merchandise inventory, January 1 Merchandise Inventory, December 31 Miscellaneous Expense Purchases Purchases Discounts Purchase Rahme and Anna 375,850 483,030 9,610 1,767,500 32,020 4152