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Question 2 of 4 4 The ledger of Sunland Company contains the following balances: Owner's Capital $28,900. Owner's Drawings $2.100, Service Revenue $51,000, Salaries
Question 2 of 4 4 The ledger of Sunland Company contains the following balances: Owner's Capital $28,900. Owner's Drawings $2.100, Service Revenue $51,000, Salaries and Wages Expense $26,400, and Supplies Expense $7,100 The closing entries are as follows: (1) Close revenue accounts (2) Close expense accounts (3) Close net income/loss) (4) Close drawings Enter the balances in T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference Salaries and Wages Expense Supplies Expense Service Revenue Owner's Drawings Income Summary
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