Pronghorn Company ended its fiscal year on July 31, 2019. The company's adjusted trial balance as of the end of its fiscal year is shown below. 112 Pronghorn Company Adjusted Trial Balance July 31, 2019 No. Account Titles Debit Credit 101 Cash $8,550 Accounts 8,500 Receivable 157 Equipment 15,900 Accumulated 158 Depreciation- $7,300 Equip. 201 Accounts Payable 4,050 208. Unearned Rent 2,400 Revenue 311 Common Stock 17,800 320 Retained Earnings 26,000 332 Dividends 16,500 400 Service Revenue 65,000 429 Rent Revenue 6,000 Depreciation 8,000 Expense Salaries and Wages 56,600 Expense 732 Utilities Expense 14,500 $128,550 $128,550 711 Prepare the closing entries. (Credit account titles are automatically indented Debit Credit Date Account Titles and Explanation July 31 (To close revenue accounts) July 31 (To close expense accounts) July 31 (To close net income / (loss)) July 31 (To close dividends) Post to the Retained Earnings and Income Summary accounts. (Post entries i No. 320 Balance Credit Retained Earnings Date Explanation Ref Debit July 31 J15 July 31 315 July 31 J15 Income Summary Date Explanation Ref Debit July 31 No. 350 Balance Credit J15 215 July 31 July 31 J15 Prepare a post-closing trial balance at July 31. Pronghorn Company Post-Closing Trial Balance Debit Credit Totals