The following is a list of the accounts and balances at December 31, 2017 for Meilleur Merchants. The list of accounts is in alphabetical order. All accounts have normal balances. Meilleur uses a perpetual inventory system.

Account Balance Dec. 31 1 Accounts payable 15,000 2 Accounts receivable 30,000 3 Accumulated depreciationbuilding 15,500 4 Accumulated depreciationequipment 10,000 5 Advertising expense 4,110 6 Building 84,600 7 S. Meilleur, capital 75,000 8 S. Meilleur, drawings 28,300 9 Cash 4,590 10 Cost of goods sold 234,600 11 Depreciation expense 6,215 12 Equipment 24,500 13 Freight out 637 14 Insurance expense 1,565 15 Interest expense 2,220 16 Interest revenue 953 17 Land 12,000 18 Merchandise inventory 105,800 19 Mortgage payable 57,600 20 Prepaid insurance 2,100 21 Property tax expense 1,515 22 Property taxes payable 600 23 Rent revenue 1,410 24 Salaries expense 42,600 25 Salaries payable 650 26 Sales 420,440 27 Sales discounts 16,600 28 Sales returns and allowances 20,100 29 Unearned revenue 23,000 30 Utilities expense 2,220

Prepare closing entries for Meilleur Merchants at December 31, 2017.