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Question 1 of 5 Selected accounts for Ivanhoe's Salon at December 31, 2024, are presented below. A. Ivanhoe, Capital Dr. Cr. 30,400 A. Ivanhoe,

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Question 1 of 5 Selected accounts for Ivanhoe's Salon at December 31, 2024, are presented below. A. Ivanhoe, Capital Dr. Cr. 30,400 A. Ivanhoe, Drawings Dr. Cr. 2,400 Dr. Service Revenue Salaries Expense Dr. 21,500 Rent Expense Cr. 49,000 Cr. Dr. Cr. 5.300 Supplies Expense Cr. Dr. 6.800 Question 1 of 5 < > -/15 E Prepare closing entries to close the accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries) Date Account Titles Dec. 31 Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close Income Summary) (To close Drawings account) Debit Credit

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