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The ledger of Duston Company contains the following balances: Owner's Capital $28,000; Owner's Drawings $1,000; Service Revenue $48,000; Salaries and wages Expense $25,000; and Supplies

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The ledger of Duston Company contains the following balances: Owner's Capital $28,000; Owner's Drawings $1,000; Service Revenue $48,000; Salaries and wages Expense $25,000; and Supplies Expense $6,000. The dosing 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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