Pass the closing entries from the ledger balances picked out of the Trial Balance of Mr. Anand as on 31.12.2014: Purchase A/c : Rs. 1,00,000, Sales A/c : Rs. 1,50,000 Opening stock A/c : Rs. 20,000, ***** Profit: Rs. 30,000 Rent paid : 12,000, Interest Received : Rs.2,000.