Practice Exercise 1 (Part Level Submission) Culver Company ended its fiscal year on July 31, 2019. The companys adjusted trial balance as of the end of its fiscal year is shown below. Culver Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $9,000 112 Accounts Receivable 8,600 157 Equipment 15,500 158 Accumulated DepreciationEquip. $7,300 201 Accounts Payable 4,700 208 Unearned Rent Revenue 1,700 311 Common Stock 17,300 320 Retained Earnings 25,500 332 Dividends 15,500 400 Service Revenue 64,200 429 Rent Revenue 6,000 711 Depreciation Expense 6,700 726 Salaries and Wages Expense 56,700 732 Utilities Expense 14,700 $126,700 $126,700 Collapse question part (a) Prepare the closing entries. (Credit account titles are automatically indented when the 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 dividends)