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The ledger of Oriole Company contains the following balances: Owner's Capital $31.100, Owner's Drawings $1,600, Service Revenue $52,000, Salaries and Wages Expense $27.900, and Supplies

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The ledger of Oriole Company contains the following balances: Owner's Capital $31.100, Owner's Drawings $1,600, Service Revenue $52,000, Salaries and Wages Expense $27.900, and Supplies Expense $7,600. 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 Question 2 of 4 Supplies Expense Service Revenue Owner's Drawings Income Summary

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