The ledger of Duston Company contains the following balances: Owners Capital $31,200; Owners Drawings $1,200; Service Revenue $48,000; Salaries and Wages Expense $25,500; and Supplies Expense $6,600. The closing entries are as follows:

(1)	Close revenue accounts.
(2)	Close expense accounts.
(3)	Close net income/(loss).
(4)	Close drawings.

Post the closing entries in the order presented in the problem and use the numbers as a reference. Salaries and Wages Expense Supplies Expense Service Revenue owner's Drawings Income Summary owners capital