E$4\mathrm{.}8($LO $2),$ AP Plevin Company ended its fiscal year on July $31,2022.$ The company$$s adjusted trial balance as of the end of its fiscal year is shown as follows.

Plevin Company

Adjusted Trial Balance

July $31,2022$

No$.$

Account Titles

Debit

Credit

$101$

Cash

$$9,840$

$112$

Accounts Receivable

$8,780$

$157$

Equipment

$15,900$

$158$

Accumulated Depreciation$$Equip$.$

$$7,400$

$201$

Accounts Payable

$4,220$

$208$

Unearned Rent Revenue

$1,800$

$311$

Common Stock

$20,000$

$320$

Retained Earnings

$25,200$

$332$

Dividends

$16,000$

$400$

Service Revenue

$64,000$

$429$

Rent Revenue

$6,500$

$711$

Depreciation Expense

$8,000$

$726$

Salaries and Wages Expense

$55,700$

$732$

Utilities Expense

$14,900$

$$

$$129,120$

$$129,120$

Instructions

Prepare the closing entries using page J$15.$

Post to the Retained Earnings and No$.350$ Income Summary accounts. $($Use the three$-$column form.$)$

Prepare a post$-$closing trial balance at July $31.$