Please explain me

please expain how this everything is done

show me how they get answers

fs/handout3.pdf Handout 2 Using the following trial balance, record closing entries for (1) a periodic inventory system and (2) a perpetual inventory system (ending inventory is $30,000). $ 26,000 88,000 9,000 40,000 250,000 Cash Accounts receivable Supplies Inventory Equipment Accumulated depreciation Accounts payable Salaries payable Rent payable Utilities payable Unearned sales revenue Common stock Retained earnings Dividends Sales Sales returns and allowances Sales discounts Purchases Purchase returns and allowances Purchase discounts Rent expense Salaries expense Utilities expense Depreciation expense Income tax expense $ 100,000 12,000 14,000 5,000 2,000 17,000 120,000 106,000 11,000 449,000 4,000 5,000 105,000 9,000 6,000 70,000 150,000 60,000 10,000 12,000 $840,000 $840,000 handout3sol.pdf Handout 3 Periodic [The red colored accounts netted equals cost of goods sold of $100,000.) Sales Purchase returns and allowances Purchase discounts Inventory (ending] Income Summary 449,000 9,000 6,000 30,000 494,000 456,000 Income Summary Inventory [beginning) Sales returns and allowances Sales discounts Purchases Rent expense Salaries expense Utilities expense Depreciation expense Income tax expense 40,000 4,000 5,000 105,000 70,000 150,000 60,000 10,000 12,000 38,000 Income Summary Retained Earnings 38,000 Retained Earnings Dividends 11,000 11,000 Or [Net the beginning and ending inventory account balances.] Sales Purchase returns and allowances Purchase discounts Income Summary 449,000 9,000 6,000 464,000 426,000 Income Summary Inventory (netted] Sales returns and allowances Sales discounts Purchases Rent expense Salaries expense Utilities expense Depreciation expense Income tax expense Income Summary Retained Earnings Retained Earnings Dividends 10,000 4,000 5,000 105,000 70,000 150,000 60,000 10,000 12,000 38,000 38,000 11,000 11,000 Perpetual Sales Income Summary 449,000 449,000 411,000 Income Summary Cost of Goods Sold Sales returns and allowances Sales discounts Rent expense Salaries expense Utilities expense 100,000 4,000 5,000 70,000 150,000 60,000 DO Inventory (netted] Sales returns and allowances Sales discounts Purchases Rent expense Salaries expense Utilities expense Depreciation expense Income tax expehse 10,000 4,000 5,000 105,000 70,000 150,000 60,000 10,000 12,000 38,000 38,000 Income Summary Retained Earnings Retained Earnings Dividends 11,000 11,000 Perpetual Sales Income Summary 449,000 449,000 411,000 Income Summary Cost of Goods Sold Sales returns and allowances Sales discounts Rent expense Salaries expense Utilities expense Depreciation expense Income tax expense Income Summary Retained Earnings Retained Earnings Dividends 100,000 4,000 5,000 70,000 150,000 60,000 10,000 12,000 38,000 38,000 11,000 11,000