Paloma Company shows the following balances in selected accounts of its adjusted trial balance.

Paloma Company shows the following balances in selected accounts of its adjusted trial balance. Supplies $32,000 Service Revenue $108,000 40.000 Supplies Expense Accounts Receivable 6,000 Salaries and Wages Expense 12.000 Utilities Expense 8.000 Owner's Drawings 22,000 Rent Expense 18.000 Owner's Capital 70,000 Journalize the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manus Date Account Titles and Explanation Debit Credit Dec. 311 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 Dec. 31 (To close net income / (loss)) Dec. 31 (To close drawings)