Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2022. During July, the following transactions were...

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Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Cullumber invested $20,100 cash in the business. (F1) 1 Purchased used truck for $9,100, paying $3,800 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12. 25 Billed customers $6,100 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck. 31 Withdraw $5,700 cash for personal use. Journalize closing entries and complete the closing process. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem.) Date Account Titles and Explanation July 1 Cash July 1 Owner's Capital (To close revenue account) (To close expense accounts) (To close net income/(loss)) (To close drawings) Debit Credit Cullumber Clark opened Cullumber's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 Cullumber invested $20,100 cash in the business. (F1) 1 Purchased used truck for $9,100, paying $3,800 cash and the balance on account. 3 Purchased cleaning supplies for $2,200 on account. 5 Paid $1,680 cash on a 1-year insurance policy effective July 1. 12 Billed customers $4,400 for cleaning services. 18 Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. 20 Paid $2,600 cash for employee salaries. 21 Collected $3,300 cash from customers billed on July 12. 25 Billed customers $6,100 for cleaning services. 31 Paid $350 for the monthly gasoline bill for the truck. 31 Withdraw $5,700 cash for personal use. Journalize closing entries and complete the closing process. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order displayed in the problem.) Date Account Titles and Explanation July 1 Cash July 1 Owner's Capital (To close revenue account) (To close expense accounts) (To close net income/(loss)) (To close drawings) Debit Credit