Use the data for the Mendelstein Company in Problem 12 to prepare compound closing entries for the company as of October 31.
In Problem 12

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Debit Credit Merchandise inventory S 1,400 40,000 Liabilities Joe Mendelstein, capital oe Mendelstein, withdrawals.... 36,340 37,375 3,000 150 96,400 Sales... Sales discounts Purchase returns and allowances 7,500 1,125 43,500 2,150 900 Transportation-in. Sales salaries expens Rent expense, selling space Store supplies expense Advertising expense Office salaries expense Rent expense, office space Office supplies expense Totals... 5,050 17,800 9,200 3,200 9,000 . ..22,000 2,940 . $173,315 173,315