The following is a list of accounts and their balances (all normal balances) as of July 31, 2022 for Ling Chan Inc. All adjusting entries have been prepared and posted. Note that the list is in random order. Cash.. $35,300 Utilities ...... expense... 800 ...... Accounts receivable.... 16,000 Prepaid insurance. 5,000 Service revenue..... 24,600 Supplies.... 1,500 Rent ...... expense. 3,600 ..... Accumulated depreciation- Equipment... 3,200 Accounts payable..... 11,000 ...... Deferred revenue....... 9,800 Common shares.... 27,000 Retained earnings... 17,000 ...... Dividends declared..... 1,000 Equipment. 20,000 Salaries expense ...... 8,200 ...... Depreciation expense........ 1,200 Instructions Prepare the closing journal entries required. You are to complete the questions above in general journal form on a separate document. Acceptable