Current Attempt in Progress

The income statement for the Concord Golf Club Inc. for the month ended July $31$ shows Service Revenue $$16,690,$ Salaries and

Wages Expense $$9,510,$ Maintenance and Repairs Expense $$2,880,$ and Income Tax Expense $$1,490.$ The statement of retained

earnings shows an opening balance for Retained Earnings of $$21,710$ and Dividends $$2,040.$

$($a$)$

Prepare closing journal entries. $($List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles

and enter O for the amounts. Credit account titles are automatically indented when the omount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

July $31$

Service Revenue

Income Summary

$($To close revenue account$)$

July $31$

Income Summary

Salaries and Wages Expense

Maintenance and Repairs Expense

Income Tax Expense

$($To close expense accounts$)$

Credit