Please solve part B

Your answer is correct. 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 Service Revenue 65,000 Rent Revenue 6,000 Income Summary 71,000 (To close revenue accounts) July 31 Income Summar 79,100 8,000 Depreciation Expense Salaries and Wages Expense Utilities Expense 56,600 14,500 To close expense accounts) July 31 Retained Earnings 8,100 Income Summary 8,100 (To close net income/ (loss)) July 31 Retained Earnings 16,500 Dividends 16,500 (To close dividends) 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 No. 320 Date Explanation July 31 July 31 July 31 Ref 115 J15 Debit Credit Balance 115 Income Summary No. 350 Date Explanation July 31 July 31 July 31 Ref Debit Credit Balance 315 115 Attempts: 0 of 3 used