3 Sandhill Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Sandhill Company Adjusted Trial Balance July 31, 2022 Account Titles No. Debit Credit 101 Cash $8,000 112 Accounts Receivable 9.100 157 Equipment 15,800 158 $7,300 201 4,700 208 2.400 301 & 42,800 306 Accumulated Depreciation--Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense 15,900 400 64.000 429 6,900 711 8,900 726 55.800 732 14,600 $128.100 $128.100 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To dose revenue accounts) July 31 (To dose expense accounts) July 31 (To close net income / (loss)) July 31 (To dose drawings) Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses eg. (45)) Owner's Capital No. 301 Date Explanation Debit Credit Balance July 31 July 31 July 31 No. 350 Income Summary Debit Date Explanation Credit Balance July 31 July 31 July 31 3 eTextbook and Media List of Accounts Savetor Later Attempts:0 of 1 used Submit Answer Prepare a post-closing trial balance at July 31. SANDHILL COMPANY Post-Closing Trial Balance Debit Credit $ $ Totals $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit