Prepare the closing entries at July $31$ ?in the General Journal below. Hint:Use the balances for each account which appear on the Adjusted Trial Balance for your closing entries

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Account Number Cash Common Stock Prepaid Rent Prepaid Insurance Inventory Accounts Payable Sales Peter's Auto Supply Corporation Adjusted Trial Balance Accounts Receivables Utilities July 31 Account Title Salaries Salaries payable Balance Debit Credit 129,100 100,000 2,000 2,200 22,000 20,000 32,000 11,000 1,000 12,000 6,000 250 Interest Expense Accrued Interest Notes payable Cost of goods sold Rent Insurance 13,000 2,000 200 250 36,500 194,750 194,750 Account Number Cash Common Stock Prepaid Rent Prepaid Insurance Inventory Accounts Payable Sales Peter's Auto Supply Corporation Adjusted Trial Balance Accounts Receivables Utilities July 31 Account Title Salaries Salaries payable Balance Debit Credit 129,100 100,000 2,000 2,200 22,000 20,000 32,000 11,000 1,000 12,000 6,000 250 Interest Expense Accrued Interest Notes payable Cost of goods sold Rent Insurance 13,000 2,000 200 250 36,500 194,750 194,750