Exercise 4-07 a-b (Video) Sandhill Company had the following adjusted trial balance. Sandhill Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,840 Accounts Receivable 4,070 Supplies 400 Accounts Payable $1,700 Unearned Service Revenue 190 Owner's Capital 3,900 Owner's Drawings 510 Service Revenue 5,920 Salaries and Wages Expense 1,300 Miscellaneous Expense 200 Supplies Expense 1,930 Salaries and Wages Payable 540 $12,250 $12,250 Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1 (To close revenue account) 2. (To close expense accounts) 3 (To close net income / (loss)) 4. (To close drawings) Prepare a post-closing trial balance. SANDHILL COMPANY Post-Closing Trial Balance Debit Credit $ $ Totals Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Accumulated Depreciation-Delivery Trucks Advertising Expense Buildings Cash Debt Investments Delivery Trucks Depreciation Expense Equipment Gasoline Expense Income Summary Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Long-term Debt Long-term Investments Maintenance and Repairs Expense Miscellaneous Expense Mortgage Payable Notes Payable Owner's Capital Owner's Drawings Patent Needs Prepaid Insurance hn Wiley & Sons, Inc. All Rinhte Recenin AN Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Salaries and Wages Expense Salaries and Wages Payable Service Revenue Short-Term Investments Stock Investments Supplies Supplies Expense Ticket Revenue Unearned Rent Revenue Unearned Service Revenue Utilities Expense