The income statement for Arbor Vitae Golf Club for the year ending July 31 shows Service Revenue $16,000, Salaries and Wages Expense $8,600, Rent Expense $3,500, and Net Income $3,900. Prepare the entries to close the revenue and expense accounts. (Credit account titles are automatically indented when amount is entered Do not indent manually. Service Revenue Date Explanation Ref. Debit Credit Balance 7/31 Balance 7/31 Closing entry Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance 7/31 Balance 7/31 Closing entry Rent Expense Date Explanation Ref. Debit Credit Balance 7/31 Balance 7/31 Closing entry eTextbook and Media