Exercise $4\mathrm{.}8$ a$-$c

Crane Company ended its fiscal year on July $31,2022.$ The company$$s adjusted trial balance as of the end of its fiscal year is as follows.

Crane Company

Adjusted Trial Balance

$31-$Jul$-22$

No$.$ Account Titles Debit Credit

$101$ Cash $$10,700$

$112$ Accounts Receivable $8,900$

$157$ Equipment $15,500$

$158$ Accumulated Depreciation$$Equip$.$ $$7,000$

$201$ Accounts Payable $4,600$

$208$ Unearned Rent Revenue $1,500$

$301$ Owner$$s Capital $46,200$

$306$ Owner$$s Drawings $16,400$

$400$ Service Revenue $64,800$

$429$ Rent Revenue $6,700$

$711$ Depreciation Expense $8,200$

$726$ Salaries and Wages Expense $56,300$

$732$ Utilities Expense $14,800$

$$130,800$ $$130,800$

$($a$)$

Prepare the closing entries.

$($b$)$

Post to Owner$$s Capital and Income Summary accounts.

$($c$)$

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