The ledger of Sheridan Company contains the following balances: Owner's Capital $29,900, Owner's Drawings $1,900, Service Revenue $51,000, Salaries and Wages Expense $28,600, 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. Enter the balances in T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference. Service Revenue Owner's Drawings Income Summary