Page 23 Post. Date Description Debit Credit Ref. Closing Entries 20Y7 May 31 Sales V 5,316,205 Cost of Merchandise Sold 3,026,950 V Sales Salaries Expense 727,800 Advertising Expense 292,000 Depreciation Expense 14,000 Store Supplies Expense 9,800 Miscellaneous Selling Expense 12,600 Office Salaries Expense 417,700 V Rent Expense 88,700 V Insurance Expense 12,000 V Miscellaneous Administrative Expense 7,800 V Lynn Tolley, Capital 706,855 V May 31 Lynn Tolley, Capital 5,316,205 X Lynn Tolley, Drawing 135,000 V Check My Work 1 more Check My Work uses remaining.