$$16,000,$ Salaries and Wages Expense $$8,400,$ Maintenance and Repairs Expense $$2,500,$ and Income Tax Expense $$1,000.$ The statement of retained earnings shows an opening balance for Retained Earnings of $$20,000$ and Dividends $$1,300.$

Prepare closing journal entries. $($List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually$)$

Date Account Titles and Explanation

Debit

Credit

July $31$

$($To close revenue account$)$

July $31$

$($To close expense accounts$)$

July $31$

$($To close net income to retained earnings$)$

July $31$