journalize and post closing entries

On August 1,2025 , the following were the account balances of Monty Repair Services. During August, the following summary transactions were completed. Aug. 1 Paid $370 cash for advertising in local newspapers. Advertising flyers will be included with newspapers delivered during August and September. 3 Paid August rent $350. 5 Received $1,100 cash from customers in payment of account. 10 Paid $2,870 for salaries due employees, of which $1,560 is for August and $1,310 is for July salaries payable. 12. Received $2,580 cash for services performed in August. 15 Purchased store equipment on account $1,840. 20 Paid creditors $1,840 of accounts payable due. 22 Purchased supplies on account $740. 25 Paid \$2,670 cash for employees' salaries. 27 Billed customers $3,460 for services performed. 29 Received $720 from customers for services to be performed in the future. Adjustment data: 1. A count shows supplies on hand of $880. 2. Accrued but unpaid employees' salaries are $1,420. 3. Depreciation on equipment for the month is $290. 4. Services were performed to satisfy $740 of unearned service revenue. 5. One month's worth of advertising services has been received. 6. One month of interest revenue related to the $3,600 note receivable has accrued. The 4-month note has a 6% annual interest rate. Monty's chart of accounts includes Prepaid Advertising. Interest Receivable, Service Revenue, Interest Revenue, Advertising Expo Depreciation Expense, Supplies Expense, Salaries and Wages Expense, and Rent Expense. Journalize and post closing entries and complete the closing process. (List all debit entries before credit entries. Credit account titles are outomatically 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. Post entries in the order of journal entries presented.) (To close expense accounts) Aug. 31 (To close net loss to retained earnings) \begin{tabular}{lr|lr} \multicolumn{4}{c}{ Cash } \\ \hline 8/1 Bal. & 5,560 & 8/1 & 370 \\ 8/5 & 1,100 & 8/3 & 350 \\ 8/12 & 2,580 & 8/10 & 2,870 \\ 8/29 & 720 & 8/20 & 1,840 \\ & & 8/25 & 2.670 \\ \hline \end{tabular} Retained Earnings Income Summary Service Revenue \begin{tabular}{r|lrr} \hlinev & 8/12 & 2,580 \\ \hlinev & 8/27 & 3,460 \\ \hlinev & 8/31 & 740 \\ \hline & & & \\ \hline \end{tabular}