Apachi Company ended its fiscal year on July 31, 2010. The company's adjusted trial balance as of the end of its fiscal year is as shown below. APACHI COMPANY Adjusted Trial Balance July 31, 2010 No. Account Titles Debits Credits 101 Cash $14,840 112 Accounts Receivable 8,780 157 Equipment 15,900 167 Accumulated Depreciation $7,400 201 Accounts Payable 4,220 208 Unearned Rent Revenue 1,800 301 B. J. Apachi, Capital 45,200 306 B. J. Apachi, Drawing 16,000 404 Commission Revenue 65,000 429 Rent Revenue 6,500 711 Depreciation Expense 4,000 720 Salaries Expense 55,700 732 Utilities Expense 14,900 $130,120 $130,120 Instructions (a) Prepare the closing entries. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.) General Journal J15 Date Account/Description Debit Credit July 31 (To close revenue.) July 31 (To close expenses.) July 31 (To close net loss.) July 31 (To close drawings.) (b) Post to B.J. Apachi, Capital and No. 350 Income Summary accounts. (If answer is zero, please enter 0. Do not leave any fields blank. If balance is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45).) B.J. Apachi, Capital No. 101 Date Explanation Ref. Debit Credit Balance July 31 Balance 31 Close net loss J15 31 Close drawing J15 Income Summary No. 101 Date Explanation Ref. Debit Credit Balance July 31 Close revenue J15 31 Close expenses J15 31 Close net loss J15 (c) Prepare a post-closing trial balance at July 31. (If answer is zero, please enter 0. Do not leave any fields blank.) APACHI COMPANY Post-Closing Trial Balance July 31, 2010 Debit Credit Cash $ $ Accounts Receivable Equipment Accumulated Depreciation Accounts Payable Unearned Rent Revenue B. J. Apachi, Capital $ $ Click here if you would like to Show Work for this question