Chapter 4 question 11 part B needs to be answered, part A is already done

Bridgeport Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. Bridgeport Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $9,650 112 Accounts Receivable 8,500 157 Equipment 16,400 158 Accumulated Depreciation-Equip. $7,300 201 Accounts Payable 4,150 208 Unearned Rent Revenue 2,200 311 Common Stock 19,100 25,500 320 Retained Earnings 332 Dividends 15,500 400 Service Revenue 64,000 429 Rent Revenue 6,500 711 Depreciation Expense 7,000 726 Salaries and Wages Expense 56,700 732 Utilities Expense 15,000 $128,750 $128,750 Your answer is correct. Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 Service Revenue 64,000 Rent Revenue 6,500 Income Summary 70,500 (To close revenue accounts) July 31 Income Summary 78,700 Depreciation Expense 7,000 56,700 Salaries and Wages Expense Utilities Expense 15,000 (To close expense accounts) July 31 Retained Earnings 8,200 Income Summary 8,200 (To close net income / (loss)) July 31 Retained Earnings 15,500 Dividends 15,500 (To close dividends) Post to the Retained Earnings and Income Summary accounts.(Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Retained Earnings No. 320 Date Explanation Ref Debit Credit Balance July 31 15 July 31 + 115 July 31 115 Income Summary No. 350 Date Explanation Ref Debit Credit Balance July 31 115 July 31 315 July 31 HJ15