Flounder 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. Flounder Company Adjusted Trial Balance July 31, 2019 Account Titles No. Debit Credit 101 Cash $9.950 112 Accounts Receivable 8,500 157 Equipment 15,500 158 Accumulated Depreciation-Equip. $7,400 Accounts Payable 4,600 208 Unearned Rent Revenue 2,000 311 Common Stock 19,850 320 Retained Earnings 25.500 332 Dividends 15.500 i here to search 208 Unearned Rent Revenue 2,000 311 Common Stock 19,850 320 Retained Earnings 25,500 332 Dividends 15,500 400 Service Revenue 64,000 429 Rent Revenue 7.000 711 Depreciation Expense 9,000 726 Salaries and Wages Expense 56,400 732 Utilities Expense 15,500 $130,350 $130,350 Post to the Retained Earnings and income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number es. - 45 or parentheses es. (451) Retained Earnings Ref Debit No. 320 Date Explanation July Balance 31 Credit Balance 115 July Close Net Income/Loss 31 315 9,900 July Close Dividends 31 315 15.500 No. 350 Date Explanation Income Summary Ref Debit Credit Balance July 31 Close Revenue J15 71.000 71000 July Close Net Income/Loss V J15 31 9.900 July 31 Close Dividends 115 15,500 Income Summary No. 350 Date Explanation Ref Debit Credit Balance July 31 Close Revenues V 315 71,000 71.000 July 31 Close Expenses J15 80.900 July 31 Close Net Income/Loss 315 9.900 e Textbook and Media List of Accounts Attempts: unlimited Submit Answer Save for Later