EX 6-30
Closing entries
On July 31, 207, the balances of the accounts appearing in the ledger of Yang Interiors Company, a furniture wholesaler, are as follows:
Accumulated Depr. — Building
Administrative Expenses
Building
Cash
Cost of Merchandise Sold
Interest Expense
Merchandise Inventory
Notes Payable
$443,000
534,000
984,000
95,000
941,000
7,000
140,000
121,000
Peter Bronsky, Capital
Peter Bronsky, Drawing
Sales
Sales Tax Payable
Selling Expenses
Store Supplies
Store Supplies Expense
Prepare the July 31, 20Y7, closing entries for Yang Interiors Company.

644,000
18,000
1,745,000
4,500
194,000
19,000
25,500