The following information is available for Moiz Company (in excel file).

Using the above information, prepare the closing entries for Moiz Company.

Date (3) Account Titles Ref. Debit Credit Common Stock Retained Earnings Dividends Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold Freight-Out Advertising Expense Interest Expense Salaries and Wages Expense Utilities Expense Depreciation Expense Interest Revenue Debit 30,000 20,000 7,000 310,000 2,000 15,000 19,000 55.000 18,000 7,000 Credit 30,000 20,000 510,000 23,000