The June month end adjusted trial balance for Christophe Ceramics SA is as follows:

Record the closing entries.

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Account Titles Sales revenue Cost of sales Christophe Ceramics SA Adjusted Trial Balance 30 June 2014 Euros DR CR 635 000 250 000 Selling expenses 70 000 Administrative expenses 110 000 Interest expense 25 000 Cash 500 000 Trade accounts receivable 1.30 000 Inventories 200 000 Trade accounts payable Borrowings Capital stock Retained earnings Dividends Totals 140 000 230 000 200 000 150 000 70 000 1 355 000 1 355 000