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Current Attempt in Progress The ledger of Namhoe Company contains the following balances: Owrer's Capital $30,700, Owner's Drawings $1,500,5ervice Revenve $51,000, Salaries and Wages Expense
Current Attempt in Progress The ledger of Namhoe Company contains the following balances: Owrer's Capital $30,700, Owner's Drawings $1,500,5ervice Revenve $51,000, Salaries and Wages Expense $26,000, and Supplies Experce $6,000. The closingentries are as follows: (1) Cose revenue accounts: (2) Close oxpense accounts. (3) Closenet income/loss). (4) Closedrawings. Enter the balances in T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference
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