prepare the closing entries

Blossom Company ended its fiscal year on July 31, 2020. The company's adjus Blossom Company Adjusted Trial Balance July 31, 2020 Account Titles Debit Credit 101 Cash $8,000 112 Accounts Receivable Equipment 15,500 158 201 208 Accumulated Depreciation-Equip. Accounts Payable Uneamed Rent Revenue $7.000 4,000 1.500 42.700 Owner's Capital 301 306 Owner's Drawings 15.500 400 Service Revenue 63.000 429 Rent Revenue 6.000 6.500 711 726 732 Depreciation Expense Salaries and Wages Expense Utilities Expense 55,700 14 500 $124.200 $124 200 o e a = 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 July 31 (To close revenue accounts) July 3 (To dose expense accounts) July 31 (To cose net income / (loss)) July 31