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The ledger of Rios Company contains the following balances: Owners Capital $30,000; Owners Drawings $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies

The ledger of Rios Company contains the following balances: Owners Capital $30,000; Owners Drawings $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies Expense $7,000. 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 Total(1)(4)Bal.(2)(3) (4)(1)Total(2)(3)Bal. Supplies Expense (2)(4)(3)Bal.Total(1) (1)Bal.(3)(4)(2)Total Service Revenue (1)Bal.(4)(2)Total(3) (2)(1)Bal.Total(3)(4) Owners Drawings (3)(4)Total(2)Bal.(1) (4)(1)Bal.(3)Total(2) Income Summary (2)(4)Bal.(3)(1)Total (1)(2)(3)Total(4)Bal. Bal.(1)(2)(4)(3)Total Bal.(1)Total(2)(3)(4) (1)(3)(4)(2)TotalBal. (4)(2)Total(3)Bal.(1) Owners Capital (2)(3)Bal.(4)Total(1) Bal.(1)(2)(4)(3)Total Bal.(2)(3)(1)(4)Total Total(4)Bal.(3)(1)(2) TotalBal.(1)(2)(3)(4) (1)Bal.(4)Total(2)(3) Click if you would like to Show Work for this question: Open Show Work The ledger of Rios Company contains the following balances: Owners Capital $30,000; Owners Drawings $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies Expense $7,000. 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 Total(1)(4)Bal.(2)(3) (4)(1)Total(2)(3)Bal. Supplies Expense (2)(4)(3)Bal.Total(1) (1)Bal.(3)(4)(2)Total Service Revenue (1)Bal.(4)(2)Total(3) (2)(1)Bal.Total(3)(4) Owners Drawings (3)(4)Total(2)Bal.(1) (4)(1)Bal.(3)Total(2) Income Summary (2)(4)Bal.(3)(1)Total (1)(2)(3)Total(4)Bal. Bal.(1)(2)(4)(3)Total Bal.(1)Total(2)(3)(4) (1)(3)(4)(2)TotalBal. (4)(2)Total(3)Bal.(1) Owners Capital (2)(3)Bal.(4)Total(1) Bal.(1)(2)(4)(3)Total Bal.(2)(3)(1)(4)Total Total(4)Bal.(3)(1)(2) TotalBal.(1)(2)(3)(4) (1)Bal.(4)Total(2)(3) Click if you would like to Show Work for this question: Open Show Work

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