Question 4 of 9 II! View Policies Current Attempt in Progress The income statement for Arbor Vitae Golf Club for the year ending July 31 shows Service Revenue $16,700, Salaries and Wages Expense $7,700, Rent Expense $1,700, and Net Income $7,300. Prepare the entries to close the revenue and expense accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue account) July 31 (To close expense accounts) e Textbook and Media List of Accounts