Prepare the necessary closing entries for Elsies Electronics at September 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

list of accounts:

Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Vehicles Advertising Expense Buildings Cash Common Shares Cost of Goods Sold Depreciation Expense Dividends Payable Equipment Income Tax Payable Interest Expense Interest Payable Inventory Land Miscellaneous Expense Notes Payable Operating Expense Other Expenses Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Retained Earnings Selling and Administrative Expenses Supplies Expense Wages Payable Wages Expense Advances to Employees Bank Loan Payable Deposits Dividend Revenue Dividends Declared Income Tax Expense Income Summary Insurance Expense Interest Revenue Interest Receivable License Expense Long-Term Investments Mortgage Payable No Entry Notes Receivable Supplies Prepaid Expenses Prepaid License Prepaid Property Tax Property Tax Expense Repair and Maintenance Expense Salaries Payable Salaries Expense Sales Revenue Service Revenue Short-Term Investments Telephone Expense Unearned Rent Revenue Unearned Revenue Utilities Expense Vehicles

Presented below are the balances from Elsie's Electronics Ltd.'s general ledger as at September 30, 2016 DR 26,000 35,000 73,000 327,000 CR Cash Accounts receivable Inventory Equipment Accumulated depreciation, equipment Accounts payable Bank loan payable Unearned revenue Common shares Retained earnings Dividends declared Sales revenue Interest revenue Cost of goods sold Wages expense Rent expense Depreciation expense 140,000 103,000 67,000 20,000 10,000 66,000 16,000 525,500 4,500 319,000 70,000 29,000 41,000