The ledger of Novak Company contains the following balances: Retained Earnings $$29,500,$ Dividends $$3,000,$ Service Revenue $$51,300,$ Salaries and Wages Expense $$26,000,$ and Supplies Expense $$6,500.$

The closing entries are as follows:

$(1)$ Close revenue accounts.

$(2)$ Close expense accounts.

$(3)$ Close net income$/($loss$).$

$(4)$ Close dividends.

Enter the balances in T $-$accounts, post the closing entries, and underline and balance the accounts.

Salaries and Wages Expense

Service Revenue