please solve line wise

Problems Sections uestign l [20 marks} Following is a random list of some of the accounts and their balances on December 31, 2019, for Coppereld Merchandising. Coppereld uses a perpetual inventory system and all account balances are normal. Inventory 367.000 Sales revenue 470,000 Interest revenue 28,000 Salary expense 46,000 Sales returns & allowances 30,000 Interest expense 13,000 Delivery expense 15.000 Sales discounts 25,000 Insurance expense 8,000 RCoppereld, Capital 50.000 Utilities expense 29,000 Amortization expense 20,000 P Coppereld, Withdrawals 25.000 Cost of goods sold 259,000 Accounts payable 56,000 Accounts receivable 78,000 Cash 29,000 A physical count on December 3 I, 2019, reveals $65,000 of inventory on hand. 3) Prepare the entry to adjust the inventory account on December 3 l , 2019. b) Prepare the closing entries on December 3 l , 2019, General Journal on Accounts Im