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Instructions On March 31, 2099, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows Accounts

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Instructions On March 31, 2099, 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 $153,800 740,900 W 526,350 2,507600 Cash 186 150 304 450 3,852 200 Common Stock Cost of Goods Sold Dividends Interest Expense Inventory 184,450 10,200 1,022 600 1,022,600 Inventory Notes Payable 238,600 Office Supplies Retained Earnings Salaries Payable 19,050 1,267,250 7,700 Sales 6,264,600 735,850 Selling Expenses Store Supplies 86,750 Journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles

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