POST CLOSING ENTRIES (h2)

(h1) Your answer is correct. Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent mant no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit July 31 Service Revenue \begin{tabular}{|r|} \hline 7500 \\ \hline \end{tabular} Income Summary 7500 (To close revenue account) July 31 Income Summary 3660 Salaries and Wages Expense Supplies Expense Maintenance and Repairs Expense Depreciation Expense \begin{tabular}{|r|} \hline 190 \\ \hline \end{tabular} Insurance Expense (To close expense accounts) July 31 Income Summary 3840 Retained Earnings (To close net income to retained earnings) July 31 Retained Earnings 130 the previous part. If