Adjusted Trial Balance July 31, 2017 Account Titles Debit Credit Cash 15,940 Accounts Receivable 8,580 16,900 Equipment Accumulated Depreciation Equipment 7,500 Accounts Payable 4,420 Unearned Rent Revenue 1600 Share Capital Ordinary 20,500 Retained Earnings 25,000 Dividends 14.000 Service Revenue 64.000 Rent Revenue 15,500 Depreciation Expense 4.500 Salaries and Wages Expense 54.700 Utilities Expense 113 900 Total 128.520 128.520 Arapaho Company AG ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year is as follows ARAPAHO COMPANY AG Adjusted Trial Balance July 31, 2017 Account Titles Debit Credit Cash 15.940 Accounts Receivable 8,580 Equipment 16,900 Accumulated Depreciation Equipment Accounts Payable 7.500 4.420 Uneamed Rent Revenue 1.500 Share Capital Ordinary 20.500 Accumulated Depreciation-Equipment Accounts Payable 7,500 4,420 Unearned Rent Revenue 1,600 Share Capital-Ordinary Retained Earnings 20,500 25,000 Dividends 14.000 Service Revenue 64.000 Rent Revenue 5.500 4.500 Depreciation Expense Salaries and Wages Expense Utilities Expense 54.700 13.900 Total 128,520 128.520 Instructions (a) Prepare closing entries at July 31, 2017 Cash 15,940 Accounts Receivable 8,580 16,900 Equipment Accumulated Depreciation-Equipment Accounts Payable 7,500 4,420 Unearned Rent Revenue 1,600 20.500 Share Capital-Ordinary Retained Earnings 25.000 Dividends 14.000 Service Revenue 64.000 Rent Revenue 5,500 4,500 Depreciation Expense Salaries and Wages Expense Utilities Expense 54 700 13.900 Total 128,520 128.520