View Policies Current Attempt in Progress The adjusted trial balance for Sandhill Company is presented below. SANDHILL COMPANY Adjusted Trial Balance August 31, 2021 Account Titles Debit Credit Cash $ 11,500 Accounts receivable 6,900 Equipment 11,600 Accumulated depreciation equipment $ 5,200 Accounts payable 3,500 Unearned revenue 1,400 S. Strong, capital 40,600 S. Strong, drawings 12, 100 Service revenue 37.900 Rent revenue 5,700 Depreciation expense 3,400 Salaries expense 37,400 Utilities expense 11,400 $ 94,300 $ 94,300 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Aug. 31 Service Revenue 37,900 Rent Revenue 5,700 Income Summary 43600 (To close revenue accounts) Aug. 31 Income Summary 52200 Depreciation Expense 3,400 Salaries Expense 37.400 Utilities Expense v