FULL Question 3 Cullumber Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Cullumber Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $8,800 112 Accounts Receivable 9,400 157 Equipment 16,300 156 Accumulated Depreciation Equip $7,600 201 Accounts Payable 5,000 208 Uneamed Rent Revenue 2,300 301 Owner's Capital 43,200 306 Owner's Drawings 16,000 400 Service Revenue 65,000 429 Rent Revenue 6,000 Depreciation Expense 6,700 726 Salaries and Wages Expense 56,500 732 Utilities Expense 15,400 $129,100 $129,100 Prepare the desing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manual Prepare the dosing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (Te dose revenue accounts) July 31 (Te dese expense accounts) July 31 (To dos net income ess)) July 31 new YYYY Post to Owner's Carital and Income Summary accounts. (Pest entries in the order of journal entries presented in the previous part. Enter negative amountsessing either a negative siya preceding the .) Owner's Capital No. 301 Credit Date Explanation July 31 July 31 July 30 Inumary Na bi Date Explanation July 31 31 Prepare a post-closing trial balance at July 31. CULLUMBER COMPANY Post-Closing Trial Balance Debit Credit I Totals $ Click if you would like to Show Work for this question: Open Show Work