Okabe Company Adjusted Trial Balance July 31, 2022 No. Account Titles 101 Cash Debit Credit $9,840 112 Accounts Receivable 8,780 157 Equipment 15,900 158 Accumulated Depreciation-Equipment $7,400 201 Accounts Payable 4,220 301 Owner's Capital 47,000 306 Owner's Drawings 16,000 400 Service Revenue 70,500 711 Depreciation Expense 8,000 726 Salaries and Wages Expense 55,700 732 Utilities Expense 14,900 $129,120 $129,120 Your answer is partially correct. 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 Service Revenue Income Summary Debit 70500