E #5 Little Big Company ended its fiscal year on July 31, 2011. The company's adjusted trial balance as of the end of its fiscal year is as shown below. LITTLE BIG COMPANY Adjusted Trial Balance For the Month Ended July 31, 2011 Credit Debit $ 7,000 Cash Accounts Receivable 9,000 Equipment 16,000 Accumulated Depreciation Depreciation $7,500 Accounts Payable 4,000 Unearned Rent Revenue 2,000 Common Stock 15,000 Retained Earnings 17,000 10.000 Dividends Commission Revenue Rent Revenue Salaries Expense 63,500 7,000 54,000 Utilities Expense Depreciation Expense 15,000 5,000 | TOTAL $116,000 116.000 Instructions (a) Prepare the closing entries