Selected accounts and amounts appear below. Journalize the closing entry, assuming a perpetual inventory system. 
Definitions:
Compa-ratio
A metric used in human resources to compare an employee's salary to the midpoint of a salary range for their position or similar positions within a sector.
Pay Range
The scale of minimum to maximum pay established by an organization for a specific job or category of jobs.
Compensation Surveys
Research conducted to collect and analyze data on wages and benefits within an industry, used by organizations to benchmark and establish competitive pay structures.
Pay Trends
The movements or developments in how employees are compensated, influenced by economic conditions, job market, and other factors.
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