Closing Entries Only 31, 2019, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture wholesale, are as follows: Accumulated Depreciation Building Peter Bronsky, Capital $530,000 Peter Bronsky, Drawing Administrative Expenses Building 15.000 1,437,000 Sales $365,000 440,000 810,000 78,000 775,000 6,000 115,000 100,000 Cost of Merchandise Sold Sales Tax Payable Selling Expenses Store Supplies Store Supplies Expense 4,500 160,000 16,000 21,500 Interest Expense Merchandise Inventory Notes Payable Prepare the July 31, 2019, closing entry for Serbian Interiors Company in the order as presented in the chapter For a compound transaction, if an amount box does not require an entry, leave it blank. 1,437,000 July 31 Sales Administrative Expenses 440,000 Cost of Merchandise Sold 275.000 Interest Expense 6,000 Selling Expenses Store Supplies Expense 21.500 Sales 486 500 X 78,000 July 31 Peter Bronsky, Capital 1,437,000 X Income Summary X 486,500