Question 16 of 17 - / 10 lj View Policies Current Attempt in Progress The ledger of Ivanhoe Company contains the following balances: Owner's Capital $31,500, Owner's Drawings $2,800, Service Revenue $49,000, Salaries and Wages Expense $27,600, and Supplies Expense $6.800. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) 7 Dec. 31 Question 16 of 17