Exercise 194 At March 31, account balances after adjustments for Wide Screen are as follows: Accounts Cash Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Owner's, Capital Owner's, Drawings Ticket Revenue Service Revenue Advertising Expense Supplies Expense Depreciation Expense Rent Expense Salaries and Wages Expense Account Balances (After Adjustment) $11,000 4,000 50,000 12,000 5,000 20,000 8,000 59,000 55,000 18,800 17,000 4,000 26,000 24,000 5,200 Utilities Expense Prepare the closing journal entries for Wide Screen. (Credit account titles are automatically indented when amount is entered. Do not indent manu CALCULATOR FULL SCREEN PRINTER VERSION BACK Prepare the closing journal entries for Wide Screen. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Mar 31 (To close revenue account.) Mar 31 To close expense accounts) Mar 31 Mar 31 (To close expense accounts) Mar. 31 (To transfer net income to capital) Mar. 31 (To close drawings to capital)