Question 1 of 6 Your answer is partially correct. The ledger of Carla Vista Company contains the following balances: Owner's Capital $29,900, Owner's Drawings $1,100, Service Revenue $49,000, Salaries and Wages Expense $25,700, and Supplies Expense $7,300. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Dec. 31 Dec. 31 Dec. 31 Account Titles and Explanation Service Revenue Income Summary (To close revenue account) Income Summary Salaries and Wages Expense Supplies Expense (To close expense accounts) Income Summary Owner's Capital Debit 49,000 AUT 1.22/2 34800 14,200 Credit 49,000 100 28,000 6,800 14. 200

The ledger of Carla Vista Company contains the following balances: Owner's Capital $29,900, Owner's Drawings $1,100, Service Revenue $49,000, Salaries and Wages Expense $25,700, and Supplies Expense $7,300. Prepare the closing entries at December 31. (Credit occount titles are outomatically indented when amount is entered. Do not indent manuolly