Question: Help filling out the last two things Practice Exercise 1 Culver Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance

Help filling out the last two things

 Help filling out the last two things Practice Exercise 1 CulverCompany ended its fiscal year on July 31, 2019. The company's adjusted

Practice Exercise 1 Culver Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Culver Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $9,000 112 Accounts Receivable 8,600 157 Equipment 15,500 Accumulated 158 Depreciation- $7,300 Equip 201 Accounts Payable 4,700 Unearned Rent 208 Revenue 1,700 311 Common Stock 17,300 320 Retained Earnings 25,500 332 Dividends 15,500 400 Service Revenue 64,200 429 Rent Revenue 6,000 711 Depreciation 6,700 Expense Salaries and Wages 726 56,700 Expense 732 Utilities Expense 14,700 $126,700 $126,700 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 Service Revenue 64200 Rent Revenue 6000 Income Summary 70200 (To close revenue accounts) July 31 Income Summary 78100 Depreciation Expense 6700 Salaries and Wages Expense 56700 Utilities Expense 14700 (To close expense accounts) July 31 Retained Earnings 7900 7900 Income Summary (To close net income / (loss)) July 31 Retained Earnings 15500 Dividends 15500 (To close dividends) Post to the Retained Earnings 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).) Retained Earnings Ref No. 320 Balance Debit Credit Date Explanation July 31 4 J15 July 31 Close Net Income/Loss J15 July 31 Close Dividends J15 Income Summary Ref No. 350 Balance Debit Credit Date Explanation July 31 Balance 4 315 July 31 Close Expenses J15 July 31 Close Revenues J15 Prepare a post-closing trial balance at July 31. Culver Company Post-Closing Trial Balance July 31, 2019 Debit Credit Cash $ $ Accounts Receivable Equipment Accumulated Depreciation Equipme Accounts Payable Unearned Rent Revenue Common Stock Retained Earnings Totals $

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