Question: ok so here is my closing entry - DateParticularsP.R. Debit Credit 2015 Closing Entries Oct31Merchandise Inventory110 58,900.00 Sales Revenue401 191,855.00 Purchase Returns502 620.00 Purchase Discounts503

ok so here is my closing entry - DateParticularsP.R. Debit Credit 2015 Closing Entries Oct31Merchandise Inventory110 58,900.00 Sales Revenue401 191,855.00 Purchase Returns502 620.00 Purchase Discounts503 1,460.00 Income Summary 252,835.00 Income Summary 218,653.25 Merchandise Inventory110 62,400.00 Sales Returns402 1,730.00 Sales Discounts403 1,840.00 Purchases501 114,685.00 Freight-in504 723.50 Advertising Expense601 420.00 Automobile Expense605 5,775.00 Amort. Expense - Furniture615 2,366.00 Amort. Expense - Office Equipment620 1,176.00 Amort. Expense - Store Equipment625 2,150.00 Amort. Expense - Automobile640 6,804.00 Insurance Expense650 1,232.00 Maintenance Expense665 325.00 Miscellaneous Expense670 132.50 Rent Expense675 8,800.00 Supplies Expense680 656.75 Utilities Expense685 1,925.00 Interest Expense690 5,512.50 Income Summary 34,181.75 S. Redmond, Capital301 34,181.75 S. Redmond, Capital301 24,100.00 S. Redmond, Drawings305 24,100.00 i was suppose to input in into my general ledger to finalize thing and the debit and credit were both suppose to equal - below is me ledger 101Bank Account DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR54,400.00 Oct8AeJ1685.00DR55,085.00 15AeJ1100.00DR54,985.00 15AeJ188.71DR54,896.30 15AeJ1142.50DR54,753.80 31AeJ122.50DR54,731.30 31AeJ141.53DR54,689.77 105Accounts Receivable - ALL DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR18,400.00 Oct7AeJ11,582.00DR19,982.00 8AeJ1685.00DR19,297.00 9AeJ1158.20DR19,138.80 11J11,141.30DR17,997.50 110Merchandise Inventory DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR62,400.00 Oct 31CE - Income SummaryJ358,900.00-0.00 Oct 31CE - Income SummaryJ362,400.00DR62,400.00 115Supplies DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR5,420.00 Oct31AeJ136.75DR5,456.75 120Prepaid Insurance DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR520.00 135Office Furniture DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR16,900.00 137Acc. Amort - Office Furniture DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR5,070.00 140Office Equipment DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR9,800.00 141Acc. Amort. - Office Equipment DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR3,920.00 145Store Equipment DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR21,500.00 146Acc. Amort. - Store Equipment DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR10,750.00 170Automobile DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR32,400.00 171Acc. Amort. - Automobile DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR9,720.00 201Accounts Payable - ALL vendors DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR18,600.00 Oct10J1519.80CR19,119.80 15J1142.50CR18,977.30 202Interest Payable DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep300.00 Oct31AeJ3$472.50CR$472.50 205HST Payable DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR12,810.00 7J1182.00CR12,992.00 9J118.20CR12,973.80 11J1131.30CR12,842.50 206HST Recoverable DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR4,810.00 Oct10J159.804,869.80 15J110.214,880.01 31J14.784,884.78 210Loan Payable DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR4,500.00 215Mortgage Payable DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR40,500.00 301S. Redmond, Capital DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR92,958.00 Oct 31CE - Income SummaryJ334,181.75CR127,139.75 Oct 31CE - DrawingsJ324,100.00CR103,039.75 305S. Redmond, Drawings DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR24,000.00 Oct15AeJ1100.00DR24,100.00 Oct31CE - DrawingsJ324,100.00-0.00 401Sales Revenue DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR190,455.00 Oct7AeJ11,400.00CR191,855.00 Oct31CE - Income SummaryJ3191,855.00-0.00 402Sales Returns DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR580.00 Oct9AeJ1140.00DR720.00 11AeJ11,010.00DR1,730.00 31CE - Income summaryJ31,730.00-0.00 403Sales Discounts DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR1,840.00 Oct31CE - Income summaryJ31,840.00-0.00 501Purchases DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR114,225.00 Oct10AeJ1460.00DR114,685.00 31CE - Income summaryJ3114,685.00-0.00 502Purchase Returns DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR620.00 Oct31CE - Income summaryJ3620.00-0.00 503Purchase Discounts DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30CR1,460.00 Oct31CE - Income summaryJ31,460.00-0.00 504Freight-In DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR645.00 Oct15AeJ178.50DR723.50 Oct31CE - Income summaryJ3723.50-0.00 601Advertising Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR420.00 Oct31CE - Income summaryJ3420.00-0.00 605Auto Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR5,775.00 Oct31CE - Income SummaryJ35,775.00-0.00 615Amort. Expense - Furniture DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep300.00 Oct31CE - Income SummaryJ32,366.00-0.00 620Amort. Expense - Office Equipment DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep300.00 Oct31CE - Income SummaryJ31,177.00-0.00 625Amort. Expense - Store Equipment DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep300.00 Oct31CE - Income SummaryJ32,150.00-0.00 640Amort. Expense - Automobile DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep300.00 Oct31CE - Income SummaryJ36,804.00-0.00 650Insurance Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR1,128.00 Oct31CE - Income SummaryJ31,232.00-0.00 665Maintenance Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR325.00 Oct31CE - Income SummaryJ3325.00-0.00 670Miscellaneous Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR110.00 Oct31AeJ122.50DR132.50 Oct31CE - Income SummaryJ3132.50-0.00 675Rent Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR8,800.00 Oct31CE - Income SummaryJ38,800.00-0.00 680Supplies Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep300.00 Oct31CE - Income SummaryJ3656.75-0.00 685Utilities Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR1,925.00 Oct31CE - Income SummaryJ31,925.00-0.00 690Interest Expense DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep30DR5,040.00 Oct31CE - Income SummaryJ35,512.50-0.00 700Income Summary DateParticularsP.R.DebitCreditDR/CRBalance 2015 Sep300.00 Oct31CE - RevenueJ3252,835.00CR252,835.00 Oct31CE - ExpensesJ3218,653.25CR34,181.75 Oct31CE - CapitalJ334,181.75-0.00 however my debit = 542906.54 and my credit = 525597.54 find the errors and correct it

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