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 Mar. 31 (To close revenue account.) Mar. 31 Mar. 31 (To close expense accounts) Mar, 31 (To transfer net income to capital) Debit Credit At March 31, account balances after adjustments for Wide Screen are as follows: Account Balances Cash Accounts Supplies (After Adjustment) $11,000 4,000 Equipment Accumulated Depreciation-Equipment Accounts Payable 50,000 12,000 5,000 Owner's, Capital 20,000 Owner's, Drawings Ticket Revenue Service Revenue 8,000 59,000 55.000 Advertising Expense 18.800 Supplies Expense 17,000 Depreciation Expense 4,000 Rent Expense 26.000 Salaries and Wages Expense 24,000 Utilities Expense 5.200