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The ledger ofBlossomCompany contains the following balances: Owner's Capital $28,000, Owner's Drawings $1,000, Service Revenue $48,000, Salaries and Wages Expense $25,000, and Supplies Expense $6,000.

The ledger ofBlossomCompany contains the following balances: Owner's Capital $28,000, Owner's Drawings $1,000, Service Revenue $48,000, 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.)

Date Account Titles and Explanation Debit Credit

dec 31 ? ? ?

? ? ?

(to close revenue account)

dec 31 ? ? ?

? ? ?

? ? ?

(To close expense accounts)

dec 31 ? ? ?

? ? ?

(To close net income/ (loss))

dec 31 ? ? ?

? ? ?

(To close drawings)

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