Question 4 of 7 < > Your answer is partially correct 3.1375 The ledger of Cullumber Company contains the following balances: Owner's Capital $32,000, Owner's Drawings $1,000, Service Revenue $50,000, Salaries and Wages Expense $28,200, and Supplies Expense $6,900. The closing entries are as follows: (1) Close revenue accounts (2) Close expense accounts C) Close net income/(loss). (4) Close drawings Enter the balances in Taccounts, post the closing entries in the order presented in the problem and use the numbers as a reference. Bal Salaries and Wages Expense 120 Supplies Expense 28200