Brief Exercise 4-4 The ledger of Duston Company contains the following balances: Owner's Capital $30,000; Owner's Drawings $2,000; Service Revenue $50,000; Salaries and Wages Expense $29,000; and Supplies Expense $7,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income/ (loss)) Dec. 31 Ito cloco drswine Brief Exercise 4-2 The ledger of Lentz Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $58,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expired insurance $1,800; (b) services performed $1,100, but unbilled and uncollected; and (c) accrued salaries payable $800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Trial Balance LENTZ COMPANY Worksheet Adjustments Dr. Cr. Adjusted Trial Balance Dr. Cr. Income Statement Dr. Cr. Balance Sheet Dr. Cr. Account Titles Dr. Cr. Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance Expense Click if you would like to Show Work for this question: Open Show Work