Prepare adjusting entries for accruals. BE.4.5......... Chapter 4.....PAGE 37 (4 Marks) BE4.5 (LO 2), AP The ledger of Pitt Company contains the following balances: Owner's Capital $30,000, Owner's Drawings $2,000, Service Revenue $58,000, Salaries and Wages Expense $39,000, and Supplies Expense $7,000. Enter the balances in T-accounts, post the closing entries, and underline and balance the accounts. Journalize and post closing entries using the three- column form of account.