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ES Brief Exercise 4-05 The ledger of Duston Company contains the following balances: Owner's Capital $30,000, Owner's Drawings $2,000, Service Itevenue $58,000, Salaries and Wages
ES Brief Exercise 4-05 The ledger of Duston Company contains the following balances: Owner's Capital $30,000, Owner's Drawings $2,000, Service Itevenue $58,000, Salaries and Wages Expense $39,000, and Supplies Expense $7,000. The closing entries are as follows: (1) Close revenue accounts (2) Close expense accounts (3) Close net income/(los). (4) Close drawings Post the closing entries in the order presented in the problem and use the numbers as a reference Salaries and Wages Expense Supplies Expense Study Service Revenue Owner's Drawings Income Summary 12:19
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