Closing entries On July 31, the close of the fiscal year, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture retailer, are as follows: Accumulated Depreciation-Building Administrative Expenses Building Cash $365,000 440,000 810,000 78,000 Common Stock 75,000 Cost of Goods Sold 775,000 Dividends 15,000 Interest Expense 6,000 Inventory $115,000 Notes Payable 100,000 Retained Earnings 455,000 Sales 1,437,000 Sales Tax Payable 4,500 Selling Expenses 160,000 Store Supplies Store Supplies Expense 16,000 21,500 Journalize the July 31 closing entries for Serbian Interiors Company. If an amount box does not require an entry, leave it blank.