=+The following selected accounts and their current balances appear in the ledger of Drapery Land Co. for the fiscal year ended July 31, 2010:

Cash $ 161,250 Sales Returns and Allowances $ 69,300 Accounts Receivable 363,000 Sales Discounts 65,700 Merchandise Inventory 525,000 Cost of Merchandise Sold 2,325,000 Office Supplies 16,800 Sales Salaries Expense 519,600 Prepaid Insurance 10,200 Advertising Expense 131,400 Office Equipment 255,000 Depreciation Expense—

Accumulated Depreciation— Store Equipment 19,200 Office Equipment 138,400 Miscellaneous Selling Expense 4,800 Store Equipment 759,000 Office Salaries Expense 252,450 Accumulated Depreciation— Rent Expense 94,050 Store Equipment 102,600 Depreciation Expense—

Accounts Payable 166,800 Office Equipment 38,100 Salaries Payable 7,200 Insurance Expense 11,700 Note Payable Office Supplies Expense 3,200

(final payment due 2020) 168,000 Miscellaneous Administrative Tanya Xavier, Capital 1,312,250 Expense 5,500 Tanya Xavier, Drawing 105,000 Interest Expense 15,000 Sales 3,855,000