Swifty Company ended its fiscal year on July 31, 2022. The companys adjusted trial balance as of the end of its fiscal year is shown as follows.

Swifty Company Adjusted Trial Balance July 31, 2022
No.		Account Titles		Debit		Credit
101		Cash		$8,650
112		Accounts Receivable		9,000
157		Equipment		16,200
158		Accumulated DepreciationEquip.				$8,000
201		Accounts Payable				4,000
208		Unearned Rent Revenue				2,200
311		Common Stock				17,350
320		Retained Earnings				27,000
332		Dividends		16,500
400		Service Revenue				63,000
429		Rent Revenue				7,000
711		Depreciation Expense		7,000
726		Salaries and Wages Expense		56,200
732		Utilities Expense		15,000
				$128,550		$128,550

(a)

Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
July 31	enter an account title to close revenue accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close revenue accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close revenue accounts on July 31	enter a debit amount	enter a credit amount
	(To close revenue accounts)
July 31	enter an account title to close expense accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts on July 31	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts on July 31	enter a debit amount	enter a credit amount
	(To close expense accounts)
July 31	enter an account title to close net income or loss on July 31	enter a debit amount	enter a credit amount
	enter an account title to close net income or loss on July 31	enter a debit amount	enter a credit amount
	(To close net income / (loss))
July 31	enter an account title to close dividends on July 31	enter a debit amount	enter a credit amount
	enter an account title to close dividends on July 31	enter a debit amount	enter a credit amount
	(To close dividends)