Exercise 4-8 (Part Level Submission) Pronghorn Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below Pronghorn Company Adjusted Trial Balance July 31, 2019 Account Titles Debit Credit $8,550 8,500 15,900 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip 201 Accounts Payable 208 Unearned Rent Revenue 311 Common Stock 320 Retained Earnings 332 Dividends 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense $7,300 4,050 2,400 17,800 26,000 16,500 65,000 6,000 8,000 56,600 14,500 $128,550 $128,550 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue accounts) uly 31 (To close expense accounts) July 31 (To close net income (loss)) July 31 (To close dividends) Attempts: O of 3 used