Brief Exercise 4-6 The income statement for Concord Golf Club for the month ending July 31 shows Service Revenue $15,800, Salaries and Wages Expense $7,500, Maintenance and Repairs Expense $2,700, and Net Income $5,600. Prepare the entries to close the revenue and expense accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To cose revenue account) My 31 (To cose e per accounts) Post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three column form of account. Service Revenue Debit Credit Date Explanation Ref. Balance 7/31 Balance 7/31 Closing entry Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance 7/31 Balance 7/31 Closing entry Maintenance and Repairs Expense Date Explanation Ref. Debit Credit Balance 7/31 Balance 7/31 Closing entry