5:49 PM Thu Aug 11 . . . 57% education.wiley.com - Week 4 - Homework: Chapter 4 Question 2 of 5 6.64 /7 ( 10 close expense accounts) July 31 Owner's Capital 8,400 Income Summary 8,400 (To close net income / (loss)) July 31 Owner's Capital 15,900 Owner's Drawings 15,900 (To close drawings) eTextbook and Media List of Accounts Save for Later Last saved 1 second ago. Attempts: unlimited Submit Answer (b) Your answer is partially correct.5:49 PM Thu Aug 11 . . . 57% education.wiley.com - Week 4 - Homework: Chapter 4 Question 2 of 5 6.64 /7 ... Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Owner's Capital No. 301 Date Explanation Debit Credit Balance July 31 Balance 42,800 July 31 Close Net Income/Loss 8,400 34,400 July 31 Close Drawings 15,900 18,500 Income Summary No. 350 Date Explanation Debit Credit Balance July 31 Close Revenues 70,900 70,900 July 31 Close Expenses July 31 Close Net Income/Loss 0 eTextbook and Media Assistance Used5:49 PM Thu Aug 11 . . . 57% education.wiley.com - Week 4 - Homework: Chapter 4 Question 2 of 5 > 6.64 /7 Date Account Titles and Explanation Debit Credit July 31 Service Revenue 64,000 Rent Revenue 6,900 Income Summary 70,900 (To close revenue accounts) July 31 Income Summary 79,300 Salaries and Wages Expense 55,800 Utilities Expense 14,600 Depreciation Expense 8,900 (To close expense accounts) July 31 Owner's Capital 8,400 Income Summary 8,400 (To close net income / (loss))