The ledger of Crane Company contains the following balances: Owner's Capital $30,300, Owner's Drawings $3,000, Service Revenue $48,000, Salaries and Wages Expense $26,900, and Supplies Expense $8,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Dec. 31 Dec. 31 Dec. 31 (To close revenue account) (To close expense accounts) (To close net income / (loss)) (To close drawings)

The ledger of Crane Company contains the following balances: Owner's Capital $30,300, Owner's Drawings $3,000, Service Revenue $48,000, Salaries and Wages Expense $26,900, and Supplies Expense $8,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)