Prepare the closing entries

Question 5 of 7 Crane Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its focaly follows. No. 101 Credit Crane Company Adjusted Trial Balance July 31, 2020 Account Titles Debit Cash $10,700 Accounts Receivable 8.900 Equipment 15,500 Accumulated Depreciation --Equip Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings 16,400 Service Revenue Rent Revenue 8.200 Depreciation Expense 56.300 Salaries and Wages Expense 14,800 Utilities Expense $130.800 112 157 158 201 208 301 306 400 429 711 726 732 $7.000 4,600 1,500 46,200 64.800 6,700 $130,800