M eBook C. Closing Entries, Net Income Chart of Accounts Journal Instructions On March 31, 2014, the balances of the accounts appearing in the edge of Danns Furnishings Company, a tuture wholesaler, we as follows: Accumulated Depreciation Building 5740,900 Administrative Expenses 526,350 Building 2.507,600 Cash 100,350 Cost of Merchandise Sold 3.M1,000 Interest Expense 10,500 Kathy Melinan, Capital 1,611350 Kathy Melman, Drawing 170.000 Merchandise inventory 971,350 Instructions 971,350 250,200 Merchandise Inventory Notes Payable Office Supplies Salaries Payable 20,950 7,850 Sales 6,663,950 741,050 Selling Expenses Store Supplies 93,000 Journalize the closing entries Refer to the chart of accounts for the exact wording of the account to CNOW journals do not use Anes for journal explanations. Every time on a journal page is used for debit or credit entries. CNOW Journants will automatically indent a credit entry when a credit amount is onfered