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Question 15 of 20 -/10 E The income statement for the Skysong, Inc. for the month ended July 31 shows Service Revenue $16,010, Salaries and

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Question 15 of 20 -/10 E The income statement for the Skysong, Inc. for the month ended July 31 shows Service Revenue $16,010, Salaries and Wages Expense $8,410, Maintenance and Repairs Expense $2.510, and Income Tax Expense $1,010. The statement of retained earnings shows an opening balance for Retained Earnings of $20,010 and Dividends $1,350. (a) Prepare closing journal entries. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Date Account Titles and Explanation July 31 p (To close revenue account) July 31 (To cose expense accounts) July 31 (To close net income/cos) to retained earnings) July 31 (To cose dividends to retained cornings) O I 1025 AM Prepare closing journal entries. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) xplanation Debit Credit unt) unts) loss) to retained earnings) retained earnings) List of Accounts SL Attempts of I used la o DIE Sumit A T25 AM TA/2001

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