Martinez Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is shown as follows. Martinez Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $10,900 112 Accounts Receivable 8,500 157 Equipment 15,900 158 Accumulated Depreciation-Equip. $8,000 201 Accounts Payable 4,550 208 Unearned Rent Revenue 2,500 311 Common Stock 19,850 320 Retained Earnings 25,500 332 Dividends 14,500 400 Service Revenue 64,000 429 Rent Revenue 6,000 711 Depreciation Expense 8,500 726 Salaries and Wages Expense 56,600 732 Utilities Expense 15,500 $130,400 $130,400 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation July 31 July 31 (To close revenue accounts) July 31 July 31 (To close expense accounts) (To close net income/(loss)) (To close dividends) Debit Credit Post to the Retained Earnings and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Retained Earnings te Explanation Ref Debit ily J15 31 Close Expenses Close Dividends uly Close Revenues J15 31 Balance Close Net Income/Loss uly J15 31 Credit No. 320 Balance Income Summary No. 350 te Explanation Ref Debit Credit Balance uly J15 31 uly J15 31 uly J15 31 Prepare a post-closing trial balance at July 31. Martinez Company Post-Closing Trial Balance Totals Debit $ $ $ Credit