E4-8B Wang Company ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year is as shown below. Journalize and post closing entries, and prepare a post-closing trial balance. (LO 1, 2) WANG COMPANY Adjusted Trial Balance July 31, 2017 No. Credits 101 Debits $ 7,900 6,200 10,600 112 157 Account Titles Cash Accounts Receivable Equipment Accumulated Depr.-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense 167 201 208 301 306 404 429 711 720 $ 4,400 2,800 1,200 30,700 11,000 42,400 6,100 732 2,700 39,100 10,100 $87,600 $87,600 Instructions (a) Prepare the closing entries using page J15. (b) Post to Owner's Capital and No. 350 Income Summary accounts. (Use the three- column form.) (c) Prepare a post-closing trial balance at July 31