Journalize the closing entries (Credit account titles are automatically indented when the amount is entered Do not indent manually ) 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 capital) Post closing entries and complete the closing process (For accounts that have zero ending balance, the entry should be the balance date and zero for the amount Post entries in the order of journal entries presented ) Cash July 1 Bal 4,290 July 1 2,800 July 2 41,000 July 3 3,000 July 10 980 July 3 6,600 July 16 9,800 July 6 3,100 July 27 12,300 July 14 330 July 18 9,000 July 31 Bal 43,540 Accounts Receivable July 1 Bal 980 July 10 980 July 20 23,000 July 27 12,300 July 31 Bal 10,700 Prepaid Insurance July 3 3,000 July 31 250 July 31 Bal 2,750 Supplies July 1 Bal 570 July 31 1,050 July 6 3,100 July 31 Bal 2,620 Prepaid Rent July 3 6,600 July 31 3,300 July 31 Bal 3,300 Equipment July 1 19,200 July 31 Bal 19,200 Accumulated DepreciationEquipment July 31 400 July 31 Bal 400 Accounts Payable July 14 330 July 1 Bal 330 July 20 1,800 July 31 660 July 31 Bal 2,460 Interest Payable July 31 82 July 31 Bal 82 Salaries and Wages Payable July 31 9,000 July 31 Bal 9,000 Income Taxes Payable July 31 980 July 31 Bal 980 Unearned Service Revenue July 13 920 July 1 Bal 920 July 23 8,200 July 16 9,800 July 31 Bal 1,600 Notes Payable July 1 16,400 July 31 Bal 16,400 CHEYENNE COMPUTER CONSULTANTS Trial Balances July 31, 2020 Debit Credit Cash 43540 $ Accounts Receivable 10700 Prepaid Insurance 2750 Supplies 2620 Prepaid Rent 3300 Equipment 19200 Accumulated Depreciation Equipment 400 Accounts Payable 2460 Interest Payable 82 Salaries and Wages Payable 9000 Income Taxes Payable 980 Unearned Service Revenue 1600 Notes Payable 16400 Notes Payable 16400 Owner's Capital 45590 Service Revenue 32120 Salaries and Wages Expense 18000 Rent Expense 3300 Advertising Expense 1800 Supplies Expense 1050 Utilities Expense 660 Depreciation Expense 400 Insurance Expense 250 Interest Expense 82 Income Tax Expense 980 GA 108632 $ 108632 Owner's Capital July 1 Bal 4 590 Rent Expense July 31 3,300 Advertising Expense 1,800 July 20 Supplies Expense 1,050 July 31 Utilities Expense July 31 660 Depreciation Expense July 31 400 Insurance Expense July 31 250 Interest Expense July 31 82 Income Tax Expense July 31 980 Income Summary

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Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit

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Journalize the closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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 capital)

Post closing entries and complete the closing process. (For accounts that have zero ending balance, the entry should be the balance date and zero for the amount. Post entries in the order of journal entries presented.)

Cash
July 1 Bal.	4,290	July 1	2,800
July 2	41,000	July 3	3,000
July 10	980	July 3	6,600
July 16	9,800	July 6	3,100
July 27	12,300	July 14	330
		July 18	9,000
July 31 Bal.	43,540

Accounts Receivable
July 1 Bal.	980	July 10	980
July 20	23,000	July 27	12,300
July 31 Bal.	10,700

Prepaid Insurance
July 3	3,000	July 31	250
July 31 Bal.	2,750

Supplies
July 1 Bal.	570	July 31	1,050
July 6	3,100
July 31 Bal.	2,620

Prepaid Rent
July 3	6,600	July 31	3,300
July 31 Bal.	3,300

Equipment
July 1	19,200
July 31 Bal.	19,200

Accumulated DepreciationEquipment
	July 31	400
	July 31 Bal.	400

Accounts Payable
July 14	330	July 1 Bal	330
		July 20	1,800
		July 31	660
		July 31 Bal.	2,460

Interest Payable
	July 31	82
	July 31 Bal.	82

Salaries and Wages Payable
	July 31	9,000
	July 31 Bal.	9,000

Income Taxes Payable
	July 31	980
	July 31 Bal.	980

Unearned Service Revenue
July 13	920	July 1 Bal.	920
July 23	8,200	July 16	9,800
		July 31 Bal.	1,600

Notes Payable
	July 1	16,400
	July 31 Bal.	16,400

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CHEYENNE COMPUTER CONSULTANTS Trial Balances July 31, 2020 Debit Credit Cash 43540 $ Accounts Receivable 10700 Prepaid Insurance 2750 Supplies 2620 Prepaid Rent 3300 Equipment 19200 Accumulated Depreciation Equipment 400 Accounts Payable 2460 Interest Payable 82 Salaries and Wages Payable 9000 Income Taxes Payable 980 Unearned Service Revenue 1600 Notes Payable 16400 Notes Payable 16400 Owner's Capital 45590 Service Revenue 32120 Salaries and Wages Expense 18000 Rent Expense 3300 Advertising Expense 1800 Supplies Expense 1050 Utilities Expense 660 Depreciation Expense 400 Insurance Expense 250 Interest Expense 82 Income Tax Expense 980 GA 108632 $ 108632 Owner's Capital July 1 Bal. 4.590 Rent Expense July 31 3,300 Advertising Expense 1,800 July 20 Supplies Expense 1,050 July 31 Utilities Expense July 31 660 Depreciation Expense July 31 400 Insurance Expense July 31 250 Interest Expense July 31 82 Income Tax Expense July 31 980 Income Summary