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1) 2) On July 31, 2016, the balances of the a ny, a furniture wholesaler, are as follows ccounts appearing in the ledger of Serbian

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On July 31, 2016, the balances of the a ny, a furniture wholesaler, are as follows ccounts appearing in the ledger of Serbian Interiors Company, a furniture wholesaler, are as Accumulated Depreciation-Building $365,000 440,000 810,000 78,000 775,000 6,000 530,000 15,000 115,000 100,000 1,437,000 4,500 160,000 16,000 21,500 Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Peter Bronsky, Capital Peter Bronsky, Drawing Inventory Notes Payable Sales Selling Expenses Store Supplies Store Supplies Expense Prepare the July 31, 2016, closing entries for Serbian Interiors Company. Refer to the c

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