Sheridan Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. No. Credit Sheridan Company Adjusted Trial Balance July 31, 2020 Account Titles Debit 101 Cash $8.900 112 Accounts Receivable 9.400 157 Equipment 16,000 158 Accumulated Depreciation-Equip. 201 Accounts Payable 20B Unearned Rent Revenue 301 Owner's Capital 306 Owner's Drawings 16.100 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 8,700 726 Salaries and Wages Expense 56,500 732 Utilities Expense 15.100 $130,700 $7.300 4.800 2.300 46,600 63,700 6,000 $130,700 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date July 31 Debit Credit (To close revenue accounts) July 31 (To close expense accounts) July 31 (To close net income / (loss)) July 31 (To close drawings)