The income statement for the Kingbird, Inc. for the month ended July 31 shows Service Revenue $19,920, Salaries and Wages Expense $8,540, Maintenance and Repairs Expense $3,320, and Income Tax Expense $1,280. The statement of retained earnings shows an opening balance for Retained Earnings of $20,390 and Dividends $1,390.

(a)

Prepare closing journal entries. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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