The income statement for Salt Creek Golf Club for the month ending July 31 shows Service Revenue $15,600, Salaries and Wages Expense $8,400, Maintenance and Repairs Expense $1,600, and Net Income $5,600. (a) Your answer is correct. Prepare the entries to close the revenue and expense accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) ost the entries to the revenue and expense accounts, and complete the closing process for these accounts using the threeolumn form of account