The income statement for Arbor Vitae Golf Club for the month ending July 31 shows Service Revenue $16,400, Salaries and Wages Expense $8,400, Maintenance and Repairs Expense $2,500, and Net Income $5,700. Prepare the entries to close the revenue and expense accounts. Post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three-column form of account.