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Date Account Titles and Explanation Debit Credit July 31 Service Revenue 31,300 Income Summary 31,300 (To close revenue account) July 31 Income Summary 25,930 Salaries and Wages Expense 17,600 Rent Expense 3.200 Advertising Expense 1,800 Supplies Expense 1,000 Utilities Expense 640 Depreciation Expense 400 Insurance Expense 250 Interest Expenses 80 Income Tax Expense 960 (To close expense accounts) July 31 Income Summary 5,370 Retained Earnings 5.370 (To close net income to retained earnings) Cash Retained Earnings July 1 Bal. 1,570 July 31 5,370 July 31 Bal. 6,940 Service Revenue July 13 900 July 20 22,400 July 23 8,000 July 31 : 31,300 Salaries and Wages Expense July 18 8,800 July 31 8,800 Rent Expense July 31 Advertising Expense Advertising Expense 1,800 TI Il Supplies Expense July 31 1,000 Utilities Expense July 31 640 Depreciation Expense July 31 400 Insurance Expense July 31 Interest Expense July 31 Interest Expense July 31 80 Income Tax Expense July 31 960 Income Summary - e Textbook and Media List of Accounts Save for Later The parts of this question must be completed in order. This part will be available when you complete the Cash July 1 Bal. 4.180 July 1 3,200 July 2 40,000 July 3 3,000 July 10 960 July 3 6,400 July 16 9,600 July 6 3,000 July 27 e 12,000 July 14 320 July 18 8,800 July 31 Bal. 42,020 Accounts Receivable July 1 Bal. 960 July 10 960 July 20 22.400 July 27 : 12,000 July 31 Bal el 10,400 Prepaid Insurance 3.000 Supplies July 1 bal. 550 July 6 3,000 July 31 Bal. 3.550 Prepaid Rent July 3 6,400 Equipment July 1 2 19,200 July 31 Bal. 19.200 Accounts Payable July 14 320 July 1 Bal. July 20 1.800 July 31 Bal : Unearned Service Revenue July 13 - 900 July 1 Bal. July 23 8.000 July 16 9.600 July 31 Bal : 1.600 Notes Payable July 16,000 July 31 Bale 16,000 Common Stock July 1 Bal. 2.900 Common Stock July 1 Bal. 2,900 July 2 40,000 July 31 Bal. 42,900 Retained Earnings July 1 Bal. 1,570 Service Revenue July 13 July 20 22,400 July 23 8,000 July 31 Bal. 31,300 Salaries and Wages Expense July 18 - 8,800 Advertising Expense July 2014 1,800