E#10 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 Debit Credit Cash $7,000 Accounts Receivable 9.000 Equipment 16.000 Accumulated Depreciation $7.500 Accounts Payable 4,000 Uneamed Rent Revenue 2.000 Common Stock 15,000 Retained Eamnings 17,000 Dividends 10,000 Commission Revenue 63,500 Rent Revenue 7,000 Salaries Expense 54,000 Utilities Expense 15.000 Depreciation Expense 5.000 TOTAL S116,000 116,000 Instructions (a) Prepare the closing entries