Hello all, if someone could help me answer this question i would greatly appreciate it!

Thank you,

Requirement #8: Prepare the closing entries at July 31 in the General Journal below. Hint: Use the balances for each account which appear on the Adjusted Trial Balance for your closing entries. Requirement #9: Post the closing entries to the T-Accounts on the General Ledger (Step 2) worksheet and compute ending balances. Just add to the adjusted balances already listed. General Journal Account Number from Chart of Accounts tab Date Account Title from Chart of Accounts tab Debit Credit Peter's Pool Corporation Adjusted Trial Balance July 31 Account Account Number Title Cash prepaid insurance equipment supplies accounts payable common stock dividends service revenue rent expense phone expense electricity expense insurance expense repair supplies expense repair supplies payables derpreciation exp repair equipment accum derpreciation exp repair equip income tax expense income tax payable Balance Debit Credit 37,700 4,400 7,800 450 7,350 40,000 1,100 8,900 3,600 300 500 400 200 200 160 _ 160 95 95 56,705 56,705