Bramble Company ended its fiscal year on July 31, 2022. The companys adjusted trial balance as of the end of its fiscal year is shown as follows.

Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $10.050 112 Accounts Receivable 9,500 157 Equipment 15,600 158 Accumulated Depreciation-Equip. $7,500 201 Accounts Payable 4,800 208 Unearned Rent Revenue 1,800 311 Common Stock 17,450 320 Retained Earnings 27,000 332 Dividends 15,500 400 Service Revenue 65,000 429 Rent Revenue 6,000 711 Depreciation Expense 7,000 726 Salaries and Wages Expense 56,400 732 Utilities Expense 15,500 $129,550 $129,550 Your answer is partially correct. 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 Service Revenue 65000 Rent Revenue 6000 Income Summary 71000 (To close revenue accounts) July 31 Income Summary 78900 Depreciation Expense 7000 Salaries and Wages Expense 56400 Utilities Expense 15500 (To close expense accounts) July 31 Retained Earnings Income Summary (To close net income 7 toss)) July 31 Retained Earnings 15500 Dividends 15500 (To close dividends)