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• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation-Buildings
• Accumulated Depreciation-Equipment
• Accumulated Depreciation-Delivery Trucks
• Advertising Expense
• Buildings
• Cash
• Debt Investments
• Delivery Trucks
• Depreciation Expense
• Equipment
• Gasoline Expense
• Income Summary
• Income Tax Expense
• Income Taxes Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Long-term Debt
• Long-term Investments
• Maintenance and Repairs Expense
• Miscellaneous Expense
• Mortgage Payable
• No Entry
• Notes Payable
• Notes Receivable
• Owner's Capital
• Owner's Drawings
• Patent Needs
• Prepaid Advertising
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Salaries and Wages Expense
• Salaries and Wages Payable
• Service Revenue
• Short-Term Investments
• Stock Investments
• Supplies
• Supplies Expense
• Ticket Revenue
• Unearned Rent Revenue
• Unearned Service Revenue
• Utilities Expense

Question: 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.)

Sandhil Company anded its fiscal year on July 31,2022. The company's adjusted tria balance z of the end of its fiscal year isas follows. Sandhill Company Adjusted Trial Balance July 21, 2022 Account Titles No. Debit Credit 101 Cash $6,500 112 Accounts Racalvable 9,400 157 Equipment 16,000 158 Accumulated Depreciation Equip $7,400 201 Accounts Payable 4.500 206 Unsarned Rent Revenue 2.500 301 Owner's Capital 42,600 306 Owner's Drawing 16,200 400 Service Revenue 64.900 429 Rent Revenus 6.100 711 Depreciation Expense 6.500 724 Salaries and Wages Expense 56,400 732 Utilities Expanse 14.900 $127.900 $127.900 Presare 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 tities and enter for the amounts! Debit Credit Date Account Titles and Explanation July 31 (TO dose revenue accounts) July 31 (TO close expense accounts) July 31 (To close net income / (loss)) July 31 (Todose drawings)

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