Wildhorse Company Adjusted Trial Balance July 31, 2022 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment Debit Credit $9,900 8,700 15,700 158 Accumulated Depreciation-Equip. $7,800 201 Accounts Payable 4,400 208 Unearned Rent Revenue 2,400 301 Owner's Capital 44,100 306 Owner's Drawings 15,500 400 Service Revenue 63,000 429 Rent Revenue 6,500 711 Depreciation Expense 7,500 726 Salaries and Wages Expense 56,000 732 Utilities Expense 14,900 $128,200 $128,200 Prepare the closing entries. (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.) Date Account Titles and Explanation July Service Revenue 31 Rent Revenue Income Summary (To close revenue accounts) July Income Summary 31 Depreciation Expense Salaries and Wages Expense Utilities Expense (To close expense accounts) July Owner's Capital 31 Income Summary (To close net income/(loss)) July Owner's Capital 31 Owner's Drawings (To close drawings) Debit 63000 6500 78400 8900 15500 Credit 69500 7500 56000 14900 8900 15500 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Date Explanation July 31 July 31 July 31 Owner's Capital Debit No. 30 Credit Balance Income Summary No. 35 Date Explanation Debit Credit Balance July 31 July 31 July 31