Plevin Company ended its fiscal year on July 31, 2014. The companys adjusted trial balance as of the end of its fiscal year is as shown below.

PLEVIN COMPANY Adjusted Trial Balance July 31, 2014
No.	Account Titles	Debit	Credit
101	Cash	$8,310
112	Accounts Receivable	8,601
157	Equipment	16,448
158	Accumulated DepreciationEquip.		$7,217
201	Accounts Payable		4,602
208	Unearned Rent Revenue		2,189
301	Owners Capital		44,531
306	Owners Drawings	15,554
400	Service Revenue		63,590
429	Rent Revenue		6,553
711	Depreciation Expense	8,497
726	Salaries and Wages Expense	56,151
732	Utilities Expense	15,121
Total		$128,682	$128,682

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
(To close net income / ( loss).)
July 31
(To close drawings.)

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Post to Owners Capital and Income Summary accounts.(Post entries in the order of journal entries presented in the previous part.)

Owners Capital	No. 301
Date	Explanation	Ref	Debit	Credit	Balance
July 31	Close DrawingsClose RevenuesClose ExpensesBalanceClose Net Income/Loss	J15
July 31	Close ExpensesClose DrawingsBalanceClose RevenuesClose Net Income/Loss	J15
July 31	Close DrawingsClose RevenuesClose ExpensesBalanceClose Net Income/Loss	J15
Income Summary	No. 350
Date	Explanation	Ref	Debit	Credit	Balance
July 31	BalanceClose ExpensesClose Net Income/LossClose RevenuesClose Drawings	J15
July 31	Close Net Income/LossClose DrawingsBalanceClose RevenuesClose Expenses	J15
July 31	Close DrawingsClose RevenuesClose Net Income/LossBalanceClose Expenses	J15

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Prepare a post-closing trial balance at July 31.

PLEVIN COMPANY Post-Closing Trial Balance July 31, 2014
Debit	Credit
	$	$
Total	$	$

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