Murphy RV Accessories' accounting records include the following accounts at December 31, 2014:

Journalize the required closing entries for Murphy RV Accessories at December 31, 2014. The company uses the perpetual inventory system.

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Cost of Goods Sold. $310,000 Accumulated Amortization. $300,000 24,000 Cash. . 40,000 Sales Revenue.. 400,000 Amortization Expense. . C. Murphy, Capital. 355,000 C. Murphy, Withdrawals. Accounts Payable. 20,000 620,000 30,000 60,000 Advertising Expense. Building.. 380,000 Sales Discounts.. 100,000 Accounts Receivable. 27,000 Inventory. Land . Selling Expenses.. 17,000 45,000 ...... .......... ..........