Question 52 of 53 - / 12 III View Policies Current Attempt in Progress The ledger of Sheridan Company contains the following balances: Owner's Capital $28,500, Owner's Drawings $1,100, Service Revenue $49,000, Salaries and Wages Expense $25,500, and Supplies Expense $6,400. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net incomel (loss)) Dec. 31 (To close drawings) e Textbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit