Use the data for the Mullen Company in Problem 12B to prepare compound closing entries for the company as of November 30, 2014.
In Problem 12B

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Debit Credit $ 3,000 Advertising expense Interest expense Liabilities Merchandise inventory Mitsy Mullen, capital Mitsy Mullen, withdrawals Other assets Purchase discounts Purchase returns and allowances Purchases Rent expense (75% selling) Salaries expense (60% selling) 350 31,000 5,600 113,800 10,000 144,650 1,150 4,050 120,000 62,000 276,000 Sales discounts Sales returns and allowances Supplies expense (80% selling) Transportation-in Totals 2,350 28,500 6,700 4,850 $426,000 $426,000