Closing Entries; Net Income On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable Accumulated Depreciation-Building Administrative Expenses Building Cash Common Stock Cost of Goods Sold Dividends Interest Expense $170,000 772,600 564,550 2,573,300 171,400 306,650 3,928,450 176,450 9,650 Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales Selling Expenses Store Supplies Journalize the closing entries. If an amount box does not require an entry, leave it blank. 20Y9 Mar. 31 $964,500 323,100 19,400 1,272,650 7,700 6,314,350 743,100 89,850

Closing Entries; Net Income On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Fumishings Company, a furniture store, are as follows: Journalize the dosing entries. If an amount box does not require an entry, leave it blank