Grouper Company ended its fiscal year on July 31, 2022. The company's adjusted trial ba as follows. Grouper Company Adjusted Trial Balance July 31, 2022 No. Credit Debit Account Titles 101 Cash $10,250 112 Accounts Receivable 9,000 1 157 Equipment 15,700 158 Accumulated Depreciation-Equip. $7,700 201 Accounts Payable 4,700 208 Unearned Rent Revenue 1,800 311 Common Stock 20,250 320 Retained Earnings 25,500 332 Dividends 15.500 400 Service Revenue 65,000 429 Rent Revenue 6,500 O BE L M uestion 2 of 7 429 6,500 Rent Revenue 711 Depreciation Expense 9,000 726 Salaries and Wages Expense 56,500 732 Utilities Expense 15,500 $131.450 $131,450 (a) Your Answer Correct Answer Your answer is partially correct. Prepare the closing entries. (Credit account titles are automatically indented wt is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 31 Service Revenue NWP Assessment Payer Ul Application jon.wiley.com/was/w/2/assessment .player/index.html?launchid-595dfb7-d191-417.9373-17519-203b62/question/ Question 2 of 7 0.29/1 E POTCHEVEUT TOUTES LES PERSOON Retained Earnings No. 320 Date Explanation Ref Debit Credit Balance July 31 015 July 31 J15 July 31 J15 Income Summary No. 350 Date Explanation Ref Debit Credit Balance July 31 315 July 31 315 July 31 315 BD 0 a r 63F Cloudy