Blossom Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $8,000 112 Accounts Receivable 8,500 157 Equipment 15,500 158 Accumulated Depreciation Equip $7,000 201 Accounts Payable 4,000 208 Unearned Rent Revenue 1,500 301 Owner's Capital 42,700 306 Owner's Drawings 15,500 400 Service Revenue 63,000 429 Rent Revenue 6,000 711 Depreciation Expense 6,500 726 Salaries and Wages Expense 55,700 732 Utilities Expense 14,500 $124,200 $124,200 Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Post to Owner's Capital and Income Summary accounts. (Past entries in the order of journal entries presented in the previous partner negative preceding the number 45 or parenthesse..(45).) No. 301 Owner's Capital Debit Date Explanation Credit Balance July 31 July 31 July 31 Income Summary No. 350 Date Explanation Det Crecht Balance July al July 3 July 31