prepare closing entries, post to retained earnings and summary account, and prepare post closing trial balance.

Riverbed Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is shown as follows Riverbed Company Adjusted Trial Balance July 31, 2022 Account Titles No. Debit Credit 101 Cash $11,000 111 Accounts Receivable 9.500 157 Equipment 15,600 150 Accumulated Depreciation-Equip $7,700 201 Accounts Payable 3.000 20 Unearned Rent Revenue 2200 310 Common Stock 20.000 Retired Earnings 25.000 Dividends 15.000 00 Service Revenue 63.000 20 went Revenue 6.500 Depreciation Expense 7.000 20 Salaries and Wages Expense 55,800 Utilities Expense 15.500 5129.400 $129.400 Prepare the cosing entries (Credit count titles are automatically indented when amount is entered. Do not indent manually! Date Account Titles and Explanation Debit Credit July 31 (To dos revenue accounts) July 31 (to close expense accounts) (to close net income (loss) JU31 (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 sin preceding the number or parentheses (451) Retained Earnings No. 3 Date Explanation Ref Debit Credit Balance July 31 V 315 July 31 V 315 July 31 > 315 Income Summary No. 3 Date Explanation Ref Debles Credit Balance July 31 315 July 31 315 July 31