Suppose a company made the following journal entry to close its revenue accounts: Nov 30 Income Summary Service Revenue Other Revenue 60,000 55,000 5,000 To close the revenue accounts. Make the single journal entry to correct this error, then show the alternative way to correct it. Provide an explanation for each journal entry. * Suppose a company made the following journal entry to close its revenue accounts: Let's start with the single-entry approach. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Nov 30 Debit Credit Next, we will move to the two entry approach, beginning with the reversal of the original journal entry. Journal Entry Date Accounts and Explanations Debit Credit Submit Suppose a company made the following journal entry to close its revenue accounts: Next, we will move to the two entry approach, beginning with the reversal of the original journal entry. Date Nov 30 Journal Entry Accounts and Explanations Debit Credit Now record the correct entry. Journal Entry Date Accounts and Explanations Debit Credit Nov 30 Now record the correct entry. Journal Entry Date Accounts and Explanations Debit Credit Nov 30 Time Re