QS 4-7 Preparing closing entries in T-accounts P2 Set up T-accounts for the following accounts and amounts with normal balances as of December 31: K. Korver, Capital $18,000; K. Korver, Withdrawals $2,000; Services Revenue $33,000; Salaries Expense $25,000; Rent Expense $3,000; and Income Summary $0. (1) Post closing entries to each account's T-account. (2) Compute the ending balance of each T-account.