*Brief Exercise 4-3 oe Company has the following year-end account balances on November 30, 2017: Service Revenue $37,000; Insurance Expense $3,000; Rent Expense $8,100; Supplies Expense $1,250; L. Wilfrid, Capital $43,000; and L. Wilfrid, Drawings $28,000. Your answer is partially correct. Try again. Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation Nov. 30 Service Revenue 37000 5 ||| No Entry (To close revenue account) Nov. 30 Supplies Expense T 3000 Insurance Expense Rent Expense 78100) TII No Entry (To close expense accounts) Nov. 30 L. Wilfrid, Capital 43000 Il Insurance Expense Insurance Expense (To close income summary) Nov. 30. Wilfrid, Capital C 728000 5 5 8000 (To close drawings account) Your answer is correct. Calculate the balance in L. Wilfrid, Capital after the closing entries are posted. Closing balance 539650