Okabe Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Okabe Company Adjusted Trial Balance July 31, 2022 Account Titles No. Debit Credit 101 Cash $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 16,000 400 70,500 711 Owner's Drawings Service Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense 8.000 726 55,700 732 14,900 $129,120 $129,120 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue accounts) July 31 (To close expense accounts) July 31 I (To close net income / (loss)) July 31 (To close drawings) Post to Owner's Capital 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 eg. (45).) No. 301 Owner's Capital Debit Date Explanation Credit Balance July 31 July 31 July 31 Income Summary No. 350 Date Explanation Debit Credit Balance July 31 July 31 July 31 > Prepare a post-closing trial balance at July 31. OKABE COMPANY Post-Closing Trial Balance Debit Credit $ Totals $