$2$uestion $7$ of $10$

$\frac{1\mathrm{.}72}{2}$

The ledger of Sunland Company contains the following balances: Owner's Capital $$29,800,$ Owner's Drawings $$1,900,$ Service $.$ Revenue $$51,000,$ Salaries and Wages Expense $$26,500,$ and Supplies Expense $$7,400.$

he closing entries are as follows:

$(1)$ Close revenue accounts.

$(2)$ Close expense accounts.

$(3)$ Close net income$/($loss$).$

$(4)$ Close drawings.

Enter the balances in T$-$accounts, post the closing entries in the order presented in the problem and use the numbers as a reference.

Salaries and Wages Expense

Bal.

$26500$

$(2)$

$26500$

Supplies Expense

Bal.

$7400$

$(2)$

$\backslash$table$[[,$Owner's Drawings$],[$Bal$.,1900]]$

$47F$ Cloudy

Question $7$ of $10$

$\frac{1\mathrm{.}72}{2}$vdots$-=$

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