Phoebe Company Adjusted Trial Balance July 31, 2020 No. 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense Account Titles Debit Credit $9,840 8,780 15,900 $7,400 4,220 1,800 45,200 16,000 64,000 6,500 8,000 55,700 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 uly 31 Debit Credit (To close revenue accounts) July 31 To close expense accounts) July 31 (To close net income i (loss)) (To close expense accounts) July 31 (To close net income / (loss)) July 31 (To close drawings)