Q1 The ledger of Swann Company contains the following balances: D. Swann, Capital $30,000; D. Swann, Drawing $1,000; Service Revenue $60,000; Salaries Expense $27,000; and Supplies Expense $4,000. Prepare the closing entries at December 31. . post-closing entries to the Income Summary, Swann, Capital and Swann, Drawing Q2 The income statement for the month of June, 2008 of Delgado Enterprises contains the following information: Revenues $20,500 Expenses Salaries Expense $8,500 Maintenance Expense S4,500 Total expenses Net income $13,000 $7,500 Do the closing entry to the Revenue, Expense and Income Summary. 03 In the blank next to each account, write the letter indicating to which category it belongs A. Current assets D. Current liabilities B. Long-term liabilities E. Owner's equity C. Property, plant, and equipment G. Not on the balance sheet Accumulated Depreciation. . Gross profit Owner's Capital... Inventory Uneamed Revenue Cash.... Salary Payable. Prepaid Rent. Account Payable Building