Use the data for Davison Company in Problem 5A to prepare compound closing entries for the company as of October 31.

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Debit Credit 16,000 256,800 Merchandise inventory Other assets Liabilities Brenda Davison, capital Brenda Davison, withdrawals Interest revenue Sales Sales discounts... Sales returns and allowances 78,400 203,280 65,000 1,120 424,000 Sales salaries expense Rent expense, selling space Store supplies expense Advertising expense Office salaries expense Rent expense, office space Office supplies expense Totals... 6,500 28,000 169,300 52,000 19,000 5,000 29,400 53,000 5,200 1,600