On March 31, 20Y4, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows:

Accumulated Depreciation—Building	$752,300
Administrative Expenses	540,650
Building	2,553,550
Cash	167,750
Cost of Merchandise Sold	3,964,300
Interest Expense	10,200
Kathy Melman, Capital	1,515,650
Kathy Melman, Drawing	169,200
Merchandise Inventory	981,650
Notes Payable	255,650
Office Supplies	20,150
Salaries Payable	8,200
Sales	6,235,450
Selling Expenses	736,600
Store Supplies	91,300

CHART OF ACCOUNTSDanns Furnishings CompanyGeneral Ledger

	ASSETS
110	Cash
130	Merchandise Inventory
140	Office Supplies
141	Store Supplies
190	Building
191	Accumulated Depreciation-Building

	LIABILITIES
216	Salaries Payable
221	Notes Payable

	EQUITY
310	Kathy Melman, Capital
311	Kathy Melman, Drawing

	REVENUE
410	Sales

	EXPENSES
510	Cost of Merchandise Sold
523	Depreciation Expense
526	Salaries Expense
539	Selling Expenses
540	Administrative Expenses
710	Interest Expense

Journalize the closing entries.