Post the closing entries and complete the closing process. (Post entries in the order of journal entries presented in the previous part. If ending balance is zero please enter on normal balance side.)

Question Post the closing entries and complete the closing process. (Post entries in the order of journal entries presented in the previous part I ending balance is zero please enter on normal balance side.) July 1 Bal. July 2 July 10 July 16 July 27 4,000 3,960 7,800 3.600 400 11,200 July 31 Bal. July 1 Bal. July 20 July 31 Bal. 1,320 15,000 330 July 3 July 31 Bal. Cash 5,430 July 1 47,500 July 3 1.320 July 3 13,100 July 6 15,000 July 14 July 18 51,390 Accounts Receivable 1,320 July 10 30,700 July 27 15,700 Prepaid Insurance 3,960 July 31 3,630 Supplies 670 July 31 3,600 2.990 Prepaid Rent 7,800 July 31 3.900 Equipment 24,000 24.000 Accumulated Depreciation-Equipment July 31 July 31 Bal. Accounts Payable 400 July 1 Bal July 20 1,280 July 1 Bal. July 6 July 31 Bal. 3,900 July 3 July 31 Bal. July 1 July 31 Bal. 500 500 July 14 400 2,400 On July 14 400 2.400 800 3,200 100 100 11.200 11,200 Accounts Payable 400 July 1 Bal July 20 July 31 July 31 Bal Interest Payable July 31 July 31 Bal. Salaries and Wages Payable July 31 July 31 Bal Income Taxes Payable July 31 July 31 Bal. Unearned Service Revenue 1.170 July 1 Bal. 9,000 July 16 July 31 Bal. Notes Payable July 1 July 31 Bal. Common Stock July 1 bal July 2 July 31 Bal. Retained Earnings July 1 Bal 1.100 1.100 July 13 July 23 1,170 13,100 4,100 20,000 20,000 3,360 47,500 50,860 2,490 Service Revenue