Please create closing entries for the following

Instructions Chart of Accounts On July 31, the close of the fiscal year, the balances of the accounts appearing in the ledger of Serbian Interiors Company, a furniture retailer, are CHART OF ACCOUNTS as follows: Serbian Interiors Company General Ledger Accumulated Depreciation-Building $365,000 440,000 Administrative Expenses Building ASSETS 810,000 REVENUE 410 Sales Cash 78,000 Common Stock 75,000 EXPENSES Cost of Goods Sold 110 Cash 130 Inventory 141 Store Supplies 190 Building 191 Accumulated Depreciation-Building 775,000 15,000 6,000 Dividends 510 Cost of Goods Sold 523 Depreciation Interest Expense Inventory 115,000 Expense Notes Payable 100,000 LIABILITIES Retained Earnings 455,000 Sales 1,437,000 218 Sales Tax Payable 221 Notes Payable 534 Store Supplies Expense 539 Selling Expenses 540 Administrative 4,500 160,000 Sales Tax Payable Selling Expenses Store Supplies Store Supplies Expense Expenses 16,000 21,500 710 Interest Expense EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Prepare the July 31 closing entries for Serbian Interiors Company. Refer to the Chart of Accounts for exact wording of account titles