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The ledger of Crane Company contains the following balances: Owner's Capital $30,400, Owner's Drawings $1,900,5ervice Revenue $48,000, Salaries and Wages Expense $25,400, and Supplies Expense

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The ledger of Crane Company contains the following balances: Owner's Capital $30,400, Owner's Drawings $1,900,5ervice Revenue $48,000, Salaries and Wages Expense $25,400, and Supplies Expense $6,700. 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 Ofor the amounts.) AC114 Unit 5 Lab Assignment Question 3 of 7 .15 (To clase expense accounts) Dec 31 (To close net income/ (loss)) Dec 31 (To close drawings) eTextbook and Media List of Accounts sen fortater Attempts: 0 of 5 used Sotrent

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