510,000 Section 3 The following information is available for Moiz Company: Debit Credit Common Stock $ 30,000 Retained Earnings 20,000 Dividends $ 30,000 Sales Revenue Sales Returns and Allowances 20,000 Sales Discounts 7,000 Cost of Goods Sold 310,000 Freight-Out 2,000 Advertising Expense 15.000 Interest Expense 19,000 Salaries and Wages Expense 55.000 Utilities Expense 18,000 Depreciation Expense 7,000 Interest Revenue 23,000 Instructions Using the above information, prepare the closing entries for Moiz Company