journalize and post closing entries and complete fhe closing process

mnalize and post closing entries and complete the closing process. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Date Account Titles and Explanation Debit Credit July 31 Service Revenue Income Summary (To close revenue account) July 31 Income Summary IT LITE Maintenance and Repairs Expense Supplies Expense Depreciation Expense Insurance Expert Stars and Wise Expense (To close expense accounts) Salaries and Wages Expense (To close expense accounts) July 31 Income Summary Retained Earnings (To close net income to retained earnings) July 31 Retained Earnings ILI Dividends (To close dividends to retained earnings) Cash 7/1 13,700 7/1 2.280 7/21 1,820 7/5 2.040 7/18 1.710 7/20 2,280 7/31 330 7/31 680 Cash 7/1 13,7007/1 2,280 7/21 1,820 7/5 2,040 7/18 1,710 7/20 2,280 7/31 330 7/31 680 7/31 Bal. 6,200 Accounts Receivable 7/12 4,2207/21 1,820 7/25 2,850 7/31 1.940 7/31 Bal. 7,190 Supplies 7/3 1,0307/31 670 7/31 Bal. 360 Supplies 7/3 1,030 7/31 670 7/31 Bal. 360 Prepaid Insurance 7/5 2,040 7/31 170 7/31 Bal. 1,870 Equipment 7/1 9,120 7/31 Bal. 9,120 Accumulated Depreciation-Equipment 7/31 210 7/31 Bal. 210 Accounts Payable 7/18 1,710 7/1 6,840 7/3 1,030 7/31 Bal. 6,160 Accounts Payable 7/18 1,710 7/1 6,840 7/3 1,030 7/31 Bal. 6,160 Salaries and Wages Payable 7/31 460 7/31 Bal. 460 Common Stock 7/1 13,700 7/31 Bal. 13.700 Retained Earnings 7/31 7/31 7/31 Bal 0 Dividends 7/31 680 7/31 Dividends 7/31 680 7/31 7/31 Bal. Income Summary 7/31 7/31 7/31 7/31 Bal. Service Revenue 7/31 7/12 4.220 7/25 2,850 7/31 1.940 7/31 Bal : Maintenance and Repairs Expense Maintenance and Repairs Expense 7/31 330 7/31 7/31 Bal. 0 Supplies Expense 7/31 670 7/31 7/31 Bal. 0 Depreciation Expense 7/31 210 7/31 7/31 Bal Insurance Expense 7/31 170 7/31 7/31 Bal Salaries and Wages Expense Insurance Expense 7/31 170 7/31 7/31 Bal - 0 Salaries and Wages Expense 7/20 2,280 7/31 7/31 460 7/31 Bal. O