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Question 4 of 7 View Policies Current Attempt in Progress The ledger of Oriole Company contains the following balances. Owner's Capital $31,100, Owner's Drawings
Question 4 of 7 View Policies Current Attempt in Progress The ledger of Oriole Company contains the following balances. Owner's Capital $31,100, Owner's Drawings $1,600, Service Revenue $52,000, Salaries and Wages Expense $27.900, and Supplies Expense $7.600 The closing entries are as follows (2) Close revenue accounts (2) Close expense accounts (3) Close net income/(loss). 14 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 eTextbook and Media Income Summary Owner's Capital
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