On March 31, 20Y4, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation-Building Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing 20Y4 Mar. 31 20Y4 Mar. 31 Sales $419,000 302,000 Cost of Merchandise Sold 1,397,000 98,000 2,123,000 6,000 887,000 98,000 Journalize the closing entries. If an amount box does not require an entry, leave it blank. Merchandise Inventory 000000 000000 00 00 Notes Payable Office Supplies Salaries Payable Sales Selling Expenses Store Supplies $547,000 140,000 11,000 4,000 3,582,000 400,000 50,000
On March 31, 20Y4, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows: Accumulated Depreciation-Building Administrative Expenses Building Cash Cost of Merchandise Sold Interest Expense Kathy Melman, Capital Kathy Melman, Drawing 20Y4 Mar. 31 20Y4 Mar. 31 Sales $419,000 302,000 Cost of Merchandise Sold 1,397,000 98,000 2,123,000 6,000 887,000 98,000 Journalize the closing entries. If an amount box does not require an entry, leave it blank. Merchandise Inventory 000000 000000 00 00 Notes Payable Office Supplies Salaries Payable Sales Selling Expenses Store Supplies $547,000 140,000 11,000 4,000 3,582,000 400,000 50,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please help me with show all calculation thanku
Transcribed Image Text:On March 31, 20Y4, the balances of the accounts appearing in the ledger of Danns Furnishings Company, a furniture wholesaler, are as follows:
Accumulated Depreciation-Building
Administrative Expenses
Building
Cash
Cost of Merchandise Sold
Interest Expense
Kathy Melman, Capital
Kathy Melman, Drawing
20Y4
Mar. 31
20Y4
Mar. 31
Sales
$419,000
302,000
1,397,000
Cost of Merchandise Sold
98,000
2,123,000
6,000
887,000
98,000
Journalize the closing entries. If an amount box does not require an entry, leave it blank.
Merchandise Inventory
000000
000000 00
00
Notes Payable
Office Supplies
Salaries Payable
Sales
Selling Expenses
Store Supplies
$547,000
140,000
11,000
4,000
3,582,000
400,000
50,000
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