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The income statement for the Matlock, Inc. for the month ended July 31 shows Service Revenue $16.690, Salaries and Wages Expense $9.510. Maintenance and Repairs

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The income statement for the Matlock, Inc. for the month ended July 31 shows Service Revenue $16.690, Salaries and Wages Expense $9.510. Maintenance and Repairs Expense $2,880, and Income Tax Expense $1,490. The statement of retained earnings shows an opening balance for Retained Earnings of $21,710 and Dividends $2,040 Prepare doing journal entries. (If no entry is required, select "No Entry for the account titles and enter automatically indented when the amount is entered. Do not indent manually.) for the amounts Credit account titles are Debit Credit Date Account Titles and Explanation July 31 (To close revenue account) July 31 (To do p accounts) July 31 (To cose net income/floss) to retained earnings) (To close net income/loss) to retained earnings) July 31 (To close dividends to retained earnings)

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