On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable $150,250 783,500 Accumulated DepreciationBuilding Administrative Expenses Building 524,850 2,563,700 Cash 184,450 306,600 3,721,950 185,600 9,550 Common Stock Cost of Goods Sold Dividends Interest Expense Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable 1,005,950 254,900 20,800 1,324,350 8,100 Sales 6,255,450 692,550 Selling Expenses Store Supplies 89,550 Retained Earnings 1,324,350 Salaries Payable 8,100 Sales 6,255,450 692,550 Selling Expenses Store Supplies 89,550 Journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles