9. Hart RV Center, Inc.%u2019s, accounting records include the following accounts at December 31,

2010:

cost of goods sold $387,000 accumulated depreciation $38,000

accounts payable 19,000 cash 44,000

rent expense 22,000 sales revenue 699,000

building 114,000 depreciation expense 14,000

retained earnings 63,000 dividends 63,000

inventory 256,000 sales discounts 8,000

common stock 140,000

Requirement

R1. Journalize the required closing entries for Hart RV Center for December 31, 2010