QW2- CLOSING ENTRIES YOU HAVE BEEN ASKED BY THE CONTROLLER OF LEATHER EXPORTS TO PREPARE THE CLOSING ENTRIES FOR THE MONTH ENDED JULY 31, 2021. GIVEN THE FOLLOWING FINANCIAL DATA: HANDBAG SALES A. GUCCI, WITHDRAWALS ACCOUNTS RECEIVABLE LEGAL EXPENSE OFFICE SUPPLIES ACCOUNTS PAYABLE A GUCCI,CAPITAL COST OF GOODS SOLD DEPRECIATION EXPENSE CLOTHING REVENUE UNEARNED SALES INVENTORY PREPAID ADVERTISING EXPENSE ACCRUED LIABILITIES TELEPHONE EXPENSE INTERNET FEES ADVERTISING EXPENSE CASH PENSION OBLIGATION MORTGAGE PAYABLE INTEREST INCOME $ 670,000 85,000 35,000 58,000 5.000 10,000 390,000 742,000 9,000 377,000 90,000 25,000 12,000 80.000 18,000 55,000 60,000 76,000 45,000 89,000 10,000