The adjusted trial balance for Cullumber Ltd. at August 31, 2024 is as follows: CULLUMBER LTD. Adjusted Trial Balance August 31, 2024 Debit Credit Cash Accounts receivable Supplies Prepaid insurance Equipment $11,640 18,470 3,500 3,450 25,310 Accumulated depreciation-equipment $5,910 Accounts payable Salaries payable 2,710 2,180 Interest payable Rent payable 1,450 1,250 Income tax payable 1,450 Deferred revenue Bank loan payable, due 2027 680 24,900 Common shares 4,950 Retained earnings 5,330 Dividends declared 630 Service revenue 58,020 Salaries expense 18,660 Rent expense 18,720 Depreciation expense 2,220 Supplies expense 1,720 Interest expense 1,450 Insurance expense 1,120 Income tax expense 1,940 Total $108,830 $108,830 Prepare the closing entries at August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Aug. Service Revenue 31 31 31 31 Income Summary (To close revenue account) Rent Expense Depreciation Expense Supplies Expense Interest Expense Insurance Expense Income Tax Expense (To close expense accounts) Income Summary Retained Earnings (To close net income) Retained Earnings Dividends Declared Debit 58020 630 Credit 58020 630