4.On July 31, 2019 the balances of the accounts appearing in the ledger of Pedroni Interiors company a furniture wholesales, are as follows.

Accumulated Depreciation - Building$365,000Ray Zorzi - Capital$530,000

Administrative Expenses440,000Ray Zorzi - Drawing15,000

Building810,000Sales1,437,000

Cash78,000Sales tax Payable4,500

Cost of Merchandise Sold 775,000Selling Expense160,000

Interest Expense6,000Store Supplies16,000

Merchandise Inventory115,000Store Supplies Expense21,500

Notes Payable100,000

Prepare the July 31, 2019 closing entries for Pedroni Interiors Company