On October 31, 2016, the balances of the accounts appearing in the ledger of Prestige Furnishings Company, a furniture wholesaler, are as follows:

Accumulated DepreciationBuilding	$758,050
Administrative Expenses	522,950
Building	2,558,950
Cash	182,150
Common Stock	308,650
Cost of Merchandise Sold	3,884,500
Dividends	173,800
Interest Expense	9,500
Merchandise Inventory	1,008,800
Notes Payable	250,600
Office Supplies	20,200
Retained Earnings	1,349,550
Salaries Payable	7,750
Sales	6,243,700
Selling Expenses	733,950
Store Supplies	94,450

Journalize the October 31, 2016 closing entries. Refer to the Chart of Accounts for exact wording of account titles.