At the end of its fiscal year, the adjusted trial balance of Cullumber Company is as follows:

CULLUMBER COMPANY Adjusted Trial Balance July 31, 2021
	Debit		Credit
Cash	$4,840
Accounts receivable	11,470
Prepaid rent	8,500
Supplies	750
Equipment	19,950
Accumulated depreciationequipment			$5,700
Patents	18,300
Accounts payable			4,305
Interest payable			750
Unearned revenue			2,050
Notes payable (due on July 1, 2023)			46,000
B. Cullumber, capital			28,285
B. Cullumber drawings	16,700
Service revenue			75,000
Interest revenue			320
Depreciation expense	2,850
Interest expense	3,000
Rent expense	18,550
Salaries expense	36,650
Supplies expense	20,850
	$162,410		$162,410

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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
July 31	enter an account title to close revenue accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close revenue accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close revenue accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	(To close revenue accounts)
July 31	enter an account title to close expense accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	(To close expense accounts)
July 31	enter an account title to close profit to capital B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close profit to capital B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	(To close profit to capital)
July 31	enter an account title to close drawings account B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	enter an account title to close drawings account B. Cullumber, CapitalB. Cullumber, DrawingsDepreciation ExpenseInterest ExpenseInterest RevenueIncome SummaryNo EntryRent ExpenseService RevenueSalaries ExpenseSupplies Expense	enter a debit amount	enter a credit amount
	(To close drawings account)