The ledger of Sheridan Company contains the following balances: Owners Capital $28,500, Owners Drawings $1,100, Service Revenue $49,000, Salaries and Wages Expense $25,500, and Supplies Expense $6,400. 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	Credit
Dec. 31	enter an account title to close revenue account on December 31	enter a debit amount	enter a credit amount
	enter an account title to close revenue account on December 31	enter a debit amount	enter a credit amount
	(To close revenue account)
Dec. 31	enter an account title to close expense accounts on December 31	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts on December 31	enter a debit amount	enter a credit amount
	enter an account title to close expense accounts on December 31	enter a debit amount	enter a credit amount
	(To close expense accounts)
Dec. 31	enter an account title to close net income or loss on December 31	enter a debit amount	enter a credit amount
	enter an account title to close net income or loss on December 31	enter a debit amount	enter a credit amount
	(To close net income/ (loss))
Dec. 31	enter an account title to close drawings on December 31	enter a debit amount	enter a credit amount
	enter an account title to close drawings on December 31	enter a debit amount	enter a credit amount
	(To close drawings)