Journalize 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 0 for the amounts. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.)

FUI ile VILIS LEU July 31, 2022 ! Assets Current Assets Cash 6680 Accounts Payable 7820 Supplies 400 Prepaid Insurance 2090 Total Current Assets 16990 Property, plant and Equipment Equipment 9920 Less : Accumulated Depreciation-Equipment 220 i 9700 Total Liabilities 26690 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 6700 Salaries and Wages Payable 500 Total Current Liabilities $ 7200 Stockholders' Equity Common Stock 14900 Retained Earnings 4590 Total Stockholders' Equity 19490 Total Liabilities and Stockholders' Equity 26690 Journalize 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 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 (To close revenue account) July 31 (To close expense accounts) July 31 (To close net income to retained earnings) July 31 (To close dividends to retained earnings) 2,480 2.290 1.990 1.860 7/31 Bal Accounts Receivable 7/12 7/25 45907120 3.100 2.110 731 7/31 Bal Supplies Prepaid Insurance 725 2.290 7/31 Bal 2,000 Equipment 7/31 Bal Accumulated Depreciation Equipment 7731 19 7/3121 Accounts Payable Salaries and Wages Payable Common Stock 14900 Retained Earnings Dividends Income Summary Income Summary Service Revenue Maintenance and Repairs Expense Supplies Expense 731 720 Depreciation Expense 7/31 Salaries and Wages Expense 7/31