The ledger of Sheffield Company contains the following balances: Retained Earnings $31,000, Dividends $1,000, Service Revenue $50,000, Salaries and Wages Expense $25,000, and Supplies Expense $6,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Dec. 31 Service Revenue 50000 Income Summary (To close revenue account) Dec. 31 Income Summary Dec. 31 Supplies Expense Salaries and Wages Expense (To close expense accounts) ncore Summary Retained Earrings (To close net income/(loss)) Credit 50000 6000 25000 31000 Dec. 31 Income Summary (To close revenue account) Income Summary Supplies Expense Salaries and Wages Expense (To close expense accounts) Dec. 31 Income Summary Dec. 31 Retained Earnings (To close net income/ (loss)) cash (To close dividends) 50000 6000 25000 31000