Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Tim Button, Capital at the end of the fiscal year under a perpetual inventory system. From the dropdown, select "Yes" if the account is closed to the Capital account and "No" if it is not. a. Accounts Receivable b. Cost of Merchandise Sold c. Customer Refunds Payable d. Estimated Returns Inventory e. Merchandise Inventory f. Sales 9. Supplies h. Supplies Expense 4. Tim Button, Drawing J. Wages Expense