Murphy RV Accessories' accounting records include the following accounts at December 31, 2017:

Journalize the required closing entries for Murphy RV Accessories at December 31, 2017. The company uses the perpetual inventory system.

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Cost of Goods Accounts Payable Advertising Expense. Building C.Murphy, Capital...355,000 Inventory Land Selling Expenses .$300,000 20,000 620,000 30,000 30,000 17,000 45,000 $310,000 Accumulated Amortization.. 24,000 40,000 Sales Revenue 00,000Amortization Expense.. C. Murphy, Withdrawa 80,000 Sales Discounts 100,000 Accounts Receivable 54,000