Brief Exercise 5-14 A. Hall Company has the following merchandise account balances: Sales Revenue $173,960, Sales Discounts $1,810, Purchases $119,130, and Purchases Returns and Allowances $59,100. In addition, it has a beginning inventory of $53,182 and an ending inventory of $23,026. Prepare the entries to record the closing of these items to Income Summary using the periodic inventory system. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (To close accounts with credit balances) (To close accounts with debit balances) Debit Credit