Okabe Company ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year is shown below OKABE COMPANY Adjusted Trial Balance July 31, 2017 No. 101 Cash 112 Accounts Receivabl 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 01 Owners Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaies and ages Expense 732 Utilities Expense Account Titles Debit Credit $10,600 9,400 16,400 $7,700 4,200 2,400 47,200 15,700 64,400 6,700 8,700 56,400 15,400 $132,600 $132,600 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Credit Date Account Titles and Explanation Debit uly 31 (To close revenue accounts) July 31 To close expense accounts) July 31 (To close net income /(loss)) July 31 PRINTER VERSION SCREEN Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented part.) ES Owner's Capital No. 301 Debit Date Explanation uly 31 July 31 July 31 Credit Balance blem Income Summary No. 350 Debit Date Explanation July 31 July 31 July 31 Credit Balance Prepare a post-closing trial balance at July 31 OKABE COMPANY Post-Closing Trial Balance Debit Credit Totals