Could you please help me to understand?

PRINTER VERSION 1 BA Question 2 The adjusted trial balance for Sheridan Company is presented below. SHERIDAN COMPANY Adjusted Trial Balance August 31, 2017 Account Titles Debit Credit Cash $10,400 Accounts receivable 5,400 Equipment 9,800 Accumulated depreciation-equipment $4,800 Accounts payable 2,300 Unearned revenue 1,300 5. Strong, capital 36,300 5. Strong, drawings 11,900 Service revenue 37,600 Rent revenue 6,600 Depreciation expense 3,300 Salaries expense 38,300 Utilities expense 9,800 $88,900 $88,900Prepare 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 Aug. 31 (To close revenue accounts) Aug. 31 (To close expense accounts) Aug. 31 (To close income summary) Aug. 31Date Account Titles and Explanation Debit Credit Aug. 31 v (To close revenue accounts) Aug. 31 V v v v (To close expense accounts) Aug. 31 V (To close income summary) Aug. 31 (To close drawings account)Prepare T accounts for the accounts affected by the closing entries. Post the closing entries. ( Post entries in the order of journal entries presented in the previous part.) Income Summary S. Strong, Capital S. Strong, Drawings v Service Revenue vPrepare a post-closing trial balance at August 31, 2017. ( List only those accounts that have an ending balance.) SHERIDAN COMPANY Post-Closing Trial Balance Debit Credit Total