Blossom computer services began operations in July 2020. At the end of the month, the company prepares monthly financial statement. At July 31, the company owed employee 1,00 in sales that the company will pay in august on July 1 the company borrowed $2000 from a local bank on a 10 year note. The annual interest rate of 12 %, service revenue in July $2,400. How to prepare account titles and explanation