journalize the closing entries on March 31,20y9, the balances of the accounts appearing in the ledger of royal furnishings company, a furniture store , are as follows

DESCRIPTION POST. REF DEBIT CREDIT ASSETS LIABILITIES EQUIT Instructions On March 31, 2049, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: $164,650 740,950 Accounts Receivable Accumulated Depreciation-Building Administrative Expenses Building 544,400 2,512,350 Cash Common Stock Cost of Goods Sold Dividends Interest Expense Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable 186,000 308,900 3,868,600 184,350 10,000 970,850 240,500 19,300 1,252,400 8,100 Sales 6,219,100 704,600 Selling Expenses Store Supplies 92,100 Joumalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles My Work uses remainina