The ledger of Wildhorse Company contains the following balances: Owner's Capital $28,600, Owner's Drawings $2,700, Service Revenue $50,000, Salaries and Wages Expense $27,100, and Supplies Expense $7.900. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. Close net income/(loss). (3) 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. Bal Bal Bal Bal Bal V Salaries and Wages Expense 27100 Supplies Expense 7900 Service Revenue 50000 Owner's Drawings 2700 Bal Income Summary 50000 (4) 27100 Owner's Capital Bal. Bal Bal Bal. 3 27100 CSS IT WO 7900 22900 27100 22900 2700

The dosing eritries are as follows: (1) Closerswenve scoounts. (2) Cose expense accours (3) Cooen net incorenoss) (4) Cosedrinites (1) Clabermout sctounts: (21) Ciasc cisem nopounta (3) Cosenet hocmellatis: (4) Cloac dravinge