Pina Colada Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $ 9,200 112 Accounts Receivable 8,600 157 Equipment 15,500 158 $7,500 201 4,300 208 1,700 Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends 311 18,400 320 25,000 332 16,300 400 Service Revenue 63,600 429 Rent Revenue 6,100 711 Depreciation Expense Salaries and Wages Expense 6,600 55,900 726 732 Utilities Expense 14,500 $ 126,600 $ 126,600 Date Account Titles and Explanation Debit Credit July 31 Service Revenue 63600 Rent Revenue 6100 Income Summary 69700 (To close revenue accounts) July 31 Income Summary 77000 Depreciation Expense 6600 Salaries and Wages Expense 55900 Utilities Expense 14500 (To close expense accounts) July 31 Retained Earnings Income Summary (To close net income / (loss)) July 31 Retained Earnings 16300 | Dividends 16300 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 e.g. -45 or parentheses e.g. (45).) Retained Earnings Ref Debit No. 320 Balance Date Explanation Credit July 31 Balance 215 25000 July 31 Close Net Income/Loss J15 July 31 Close Dividends 315 16300 No. 350 Income Summary Debit Ref Credit Balance Date Explanation July Close Revenues 31 J15 69700 69700 July 31 Close Expenses J15 77000 July 31 Close Net Income/Loss 4 J15