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Brief Exercise 4-04 The ledger of Oriole Company contains the following balances: Owner's Capital $30,100, Owner's Drawings $2,300, Service Revenue $50,000, Salaries and Wages Expense

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Brief Exercise 4-04 The ledger of Oriole Company contains the following balances: Owner's Capital $30,100, Owner's Drawings $2,300, Service Revenue $50,000, Salaries and Wages Expense $25,400, and Supplies Expense $7,400. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. De not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (Todose revenue account) Dec. 31 (to close expense accounts) Dec 31 (To desene income foss)) Dec 31 (Todose drawings

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