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On March 31, 2049, the balances of the accounts appearing in the ledger of Royal...

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Accounting

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On March 31, 2049, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: $941,800 316,250 Accounts Receivable Accumulated Depreciation Building Administrative Expenses Building Cash Common Stock Cost of Goods Sold Dividends $170,000 761,500 556,900 2,584,600 170,200 292,900 3,937,650 181,950 Inventory Notes Payable Office Supplies Retained Earnings Salaries Payable Sales Selling Expenses Store Supplies 19,550 1,238,550 7,950 6,284,500 742,650 94,100 Interest Expense 10,450 Journalize the closing entries. If an amount box does not require an entry, leave it blank 2019 Mar 31 Sales Il Inventory Selling Expenses 11 11111 Mar. 31

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