Closing Entries; Net Income On March 31, 20Y4, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation-Building Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing 20Y4 Mar. 31 $776,600 531,550 20Y4 Mar. 31 2,568,400 168,650 3,825,600 10,250 1,550,750 183,350 Merchandise Inventory 000 00 Notes Payable Office Supplies Salaries Payable Journalize the closing entries. If an amount box does not require an entry, leave it blank. Sales Selling Expenses Store Supplies $986,600 257,350 20,900 8,300 6,494,750 750,250 92,250

Closing Entries; Net Income On March 31, 20Y4, the balances of the accounts appearing in the ledger of Danns Furnishings Cornpany, a furniture wholesafer, are as follews: Journalize the dosing entries. If an amount box does not require an entry, leave it blank