the journal

On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Fumishings Company, a furniture wholesaler, are as follows: $752,300 540,650 2,553,550 167,750 3,964,300 Accumulated Depreciation-Building Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing Merchandise Inventory Notes Payable Office Supplies Salaries Payable 10,200 1,515,650 169 200 981,650 255,650 20.150 8,200 Sales 6,235,450 736,600 Selling Expenses Store Supplies 91,300 Journal On JOURNAL ACCOUNTING EQUATION DIETE POST. RER DEBIT CREDIT ASSETS LIABILITIES EQUITY DESCRIPTION Closing Entries 1 2 Instructions On March 31, 2019, the balances of the accounts appearing in the ledger of Racine Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation-Building Administrative Expenses Building $752,300 540,650 2,553,550 Cash 167,750 Cost of Merchandise Sold 3.964,300 10.200 1,515,650 169,200 Interest Expense Kathy Melman, Capital Kathy Melman, Drawing Merchandise Inventory Notes Payable Office Supplies Salaries Payable 981,650 255,650 20,150 8,200 Sales 6,235,450 Selling Expenses 736,600 Store Supplies 91,300 Journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles