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Question 3 of 6 125 View Policies Show Attempt History Current Attempt in Progress The income statement for Salt Creek Golf Club for the month endin July 31 shows Service Revenue $15.900, Salaries and Wages Expense 58.000. Maintenance and Repairs Expense $1.500, and Net Income $ 6.400 (a) Your answer is correct Prepare the entries to close the revenue and expense accounts. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts) Date Account Titles and Explanation Debit Credit July 31 Bed Revenue 15.900 Income Scy (To close revenue account) July 31 Income Summary 9500 Sales and was Exe Ma Repairs Exente (To dose expense accounts) eTextbook and Media List of Accounts Attempt 1 of 3 used bl Attempts: 1 of 3 used (b) Enter the balances in the t-accounts and post the entries to the revenue and expense accounts, and complete the closing process for these accounts using the three-column form of account Service Revenue Date Explanation Ref. Debit Credit Balar 7/31 Balance 7/31 Closing entry Salaries and Wages Expense Date Explanation Ref. Debit Credit Balar 7/31 Balance 7/31 Closing entry Maintenance and Repairs Expense Credit Balar Debit Date Explanation Ref. 7/31 Balance 7/31 Closing entry e Textbook and Media List of Accounts Attempts:0 of 3 used Submit Answer Save for Later