Blossom Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Blossom Company Adjusted Trial Balance July 31, 2022 Account Titles No. Debit Credit 101 Cash $8,000 112 8,500 157 15.500 158 $7,000 201 4,000 208 1,500 301 42,700 Accounts Receivable Equipment Accumulated Depreciation--Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense 306 15,500 400 63,000 429 6,000 711 6,500 726 55,700 732 14,500 $124,200 $124,200 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 for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To close revenue accounts) July 31 (To close expense accounts) July 31 (To close net income / Closs)) July 31 (To close drawings) (b) 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 eg, -45 or parentheses eg. (45)) Owner's Capital No. 301 Date Explanation Debit Credit Balance July 31 July 31 July 31 Income Summary No. 350 Date Explanation Debit Credit Balance July 31 July 31 July 31 eTextbook and Media Prepare a post-closing trial balance at July 31 BLOSSOM COMPANY Post-Closing Trial Balance Debit Credit Totals