On October 31, 2014, the balances of the accounts appearing in the ledger of Acorn Interiors Company, a furniture wholesaler, are as follows:

Prepare the October 31, 2014, closing entries for Acorn InteriorsCompany.

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Accumulated Depr-Building Administrative Expenses Building Capital Stock Cash Cost of Merchandise Sold Dividends Interest Expense Merchandise Inventory Notes Payable Retained Earnings 125,000 105,000 1,375,000 20,000 13,000 3,000 140,000 23,000 12,000 $142,000 300,000 446,000 Sales 75,000 60,000 Sales Discounts Sales Returns and Allow 650,000 Sl Tax Payable 25,000 10,000 126,000 Selling Expenses Store Supplies Store Supplies Expense