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BE 4 - 4 The ledger of Swann Company contains the following balances: D . Swann, Capital $ 3 0 , 0 0 0 ;

4 - 4

The ledger of Swann Company contains the following balances: D

.

Swann, Capital

30, 000

; D

.

Swann, Drawing $

2, 000

; Service Revenue $

50, 000

; Salaries Expense $

27, 000

; and Supplies Expense $

4, 000 .

Prepare the closing entries at December

31 .

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