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The income statement for the Monty Golf Club inc, for the month ended July 31 shows Service Revenue $16,880,5a laries and Wages Expense $9,410, Maintenance

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The income statement for the Monty Golf Club inc, for the month ended July 31 shows Service Revenue $16,880,5a laries and Wages Expense \$9,410, Maintenance and Repairs Expense $3,320, and Income Tax Expense $1,380. The statement of retained earnings shows an opening balance for Retained Earnings of $24,630 and Dividends $2.000. Jestion 3 of 5 12 Prepare closing journal entries. (List all debit entries before credit entries. If no entry is required, sedect "No Entry" for the occount tibles and enter 0 for the amounts. Credit account tities are outomatically indented when the amount is entered. Do not indent manually.)

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