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The ledger of Duston Company contains the following balances: Owner's Capital $28, 800; Owner's Drawings $1, 700; Service Revenue $50,000; Salaries and Wages Expense $25,

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The ledger of Duston Company contains the following balances: Owner's Capital $28, 800; Owner's Drawings $1, 700; Service Revenue $50,000; Salaries and Wages Expense $25, 200; and Supplies Expense $6, 200. The closing entries are as follows: Close revenue accounts. Close expense accounts. Close net income/(loss). Close drawings. Post the closing entries in the order presented in the problem and use the numbers as a reference

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