Blossom Clark opened Blossom's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Blossom invested $19,800 cash in the business. 1 Purchased used truck for $8,800, paying $3,800 cash and the balance on account. 3 Purchased cleaning supplies for $1,900 on account. 5 Paid $1,680 cash ona 1 -year insurance policy effective July 1. 12 Blled customers $4,400 for deaning services. 18 Paid $1,400 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 Paid $2,400 cash for employeesalaries. 21 Collected $3,300 cash from customers billed on July 12. 25 Billed customers $5,900 for cleaning services. 31 Paid $340 for the monthly gasoline bill for the truck. 31 Withdraw $5.500 cash for personal use BLOSSOM'S CLEANING SERVICE Balance Sheet Asseta $ 5 Liabilities and Owner's Equity 5 3 Date Acosunt Titics and Eqpanation (To recond revenue emed) (To record depreciation) (To record insurance expired) (To record supplies used) Bebie Credit: Credie: Jourmalize closing entrics and complete the closing process. (Creditecooint tilles are outomotiobly hindented whitn omount tsentered Do not indent man Prapare a classified balance shest at July 31 \list Curnent Assets in order of Hquidityd BLOSSOM'S CLEANING SERVICE Balance Sheet Assets 5 $ s $ Liabilities and Owner's Equity 5 5 5 Date Account Titles and Explanation Debit Credit (To reord revenue eamed) (To recird depreciation) (To resced insirance expired) (To record supplies ased) (To rocied salaries payale) (To close revenue acrount) Debit Credit (ia clusertevenue accourt) (T) clase expense accounts) (To clase net ircorre / (loss)) (To close drawngs)